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UNI

UNIUSDT - Buying opportunity of W pattern!BYBIT:UNIUSDT 1H trend chart - UNI is building a Big W pattern. Now it has broken out the neckline of W in 1H chart. If price can stand firm here without long upper shadow line, trading strategy as below. - Profit Targets: a) 29.539~29.905---Fib(1.5~1.618) b) 31.090-----Fib(2) Stop losses: a) 27.466-----(Red horizontal ray) - If you like this analysis, smash the "like button" and leave a comment below to share your thoughts or let me know what crypto you want to see! Trading is a reflection of yourself. Learn more daily and be ready for every opportunity. Have a nice trading
Long
by EthanTW
10
UNI - BULLISH DAILY TALots of strong accumulation and completed EMA retests for Uniswap recently! (Which is no surprised, its the most used swapping protocol) If this bullish price action continues (and BTC remains stable) we could anticipate a push past resistance at the $31 mark to the ATH or potentially the 1.618 Fibonacci retracement pivot point over the next few days and weeks. Small pink boxes indicate smaller liquidity zones. There is always a possibility it could fall through the steeper ascending support line, potentially invalidating this outcome. Keep updating your own TA to reflect volatile market conditions. EDUCATIONAL PURPOSES ONLY. NOT FINANCIAL ADVICE. DO YOUR OWN RESEARCH.
by saerinox
UNIUSDT - Inverse Head and Shoulders and Entry timingBYBIT:UNIUSDT 4H trend chart - UNI is forming a potential inverse head and shoulders pattern. The neckline of this potential formation is $27.607 However, there was a fake-out at $27.988 If price can break out and stand firm at $27.607, this H&S will be completed. Because the fake-out point is close to neckline, I suggest open position when 4H closure price hit 27.988 w/o long upper shadow line - Profit Targets: a) 30.773~31.899---Fib(1.272~1.382) b) 34.315----Fib(1.618) c) 38.226----Fib(2) Stop losses: a) 25.511-----Red horizontal ray - If you like this analysis, smash the "like button" and leave a comment below to share your thoughts or let me know what crypto you want to see! Trading is a reflection of yourself. Learn more daily and be ready for every opportunity. Have a nice trading!
Long
by EthanTW
2