UNI Prints Early Bullish Signal (280% Mapped)
Updated
UNIBTC is a very popular pair... People love this one and this is probably why...
"Uniswap is a set of computer programs that run on the Ethereum blockchain and allow for decentralized token swaps. It works with the help of unicorns (as illustrated by their logo).
"Traders can exchange Ethereum tokens on Uniswap without having to trust anyone with their funds. Meanwhile, anyone can lend their crypto to special reserves called liquidity pools. In exchange for providing money to these pools, they earn fees."
Now, the trading volume is green the last 3 candles that closed.
Even though we are still seeing relatively low volume, we still have the highest green bars since Sept.
Prices are moving above EMA10 and yesterday EMA21 was challenged.
If prices can stay above 0.00016865 daily, we can expect for UNIBTC to hit 0.00028905 (EMA50) and higher.
Conditions for change
If prices for UNIBTC move and close below the last low at 0.00012036, the above analysis and signals are invalidated.
Thanks a lot for your support.
Namaste.
"Uniswap is a set of computer programs that run on the Ethereum blockchain and allow for decentralized token swaps. It works with the help of unicorns (as illustrated by their logo).
"Traders can exchange Ethereum tokens on Uniswap without having to trust anyone with their funds. Meanwhile, anyone can lend their crypto to special reserves called liquidity pools. In exchange for providing money to these pools, they earn fees."
Now, the trading volume is green the last 3 candles that closed.
Even though we are still seeing relatively low volume, we still have the highest green bars since Sept.
Prices are moving above EMA10 and yesterday EMA21 was challenged.
If prices can stay above 0.00016865 daily, we can expect for UNIBTC to hit 0.00028905 (EMA50) and higher.
Conditions for change
If prices for UNIBTC move and close below the last low at 0.00012036, the above analysis and signals are invalidated.
Thanks a lot for your support.
Namaste.
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