Idea No. 3 for the spot
Uniswap, the first significant DEX in the ETH network, where liquidity pools were created and all onchain transactions took place. Uni was the first, after it forks for different networks were based on it.
What do we have?
Active growth phase, the structure is not broken and remains upward. A sharp, but still divergence on the daily TF.
A bullish MACD crossover, the reversal can be seen on the chart itself.
In terms of tokenomics, there are only 13% more coins in circulation compared to May '21, and that was ATH. Plus the SEC recently closed the case against Uniswap, so more reasons to see positive dynamics.
My stop loss is at $6.6.
Consider your risks.
DYOR
A bullish MACD crossover, the reversal can be seen on the chart itself.
In terms of tokenomics, there are only 13% more coins in circulation compared to May '21, and that was ATH. Plus the SEC recently closed the case against Uniswap, so more reasons to see positive dynamics.
My stop loss is at $6.6.
Consider your risks.
DYOR
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.