UNI
UNI Possibly reaching ATHUNI has been trading in a horizontal channel since the may drop.
As it set in a significant higher low last week at around 21$, some indicators are turning bullish (On the daily chart: VIX printed a clear bottom, MACD turned bullish , RSI is making higher lows),
possible signalling that UNI is ready to break out of the channel.
When it breaks out, possibly uses the channel as support, it will easily surpass it's previous ATH.
In case BTC or ETH would drop, UNI will probably lose it's momentum to and we will continue trading in this channel.
In both cases, good opportunity
UNI Buy a break setup.UNIUSD - Intraday - We look to Buy a break of 27.59 (stop at 26.93)
There is no indication that the rally is coming to an end.
A break of yesterdays high would confirm bullish momentum.
The bias is to break to the upside.
We look for gains to be extended today.
Pivot resistance is at 29.70.
Our profit targets will be 29.57 and 30.27
Resistance: 27.60 / 28.40 / 29.60
Support: 26.60 / 25.80 / 25.00
UNI Buy a break setup.UNIUSD - Intraday - We look to Buy a break of 27.72 (stop at 27.08)
Daily signals are mildly bullish.
A break of bespoke resistance at 27.60, and the move higher is already underway.
A break of 27.70 is needed to confirm follow through bullish momentum.
Expect trading to remain mixed and volatile.
Our profit targets will be 29.48 and 29.88
Resistance: 27.20 / 27.60 / 28.20
Support: 26.50 / 26.00 / 25.50
UNIUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in a 4-hour time frame.
As you see, price is fluctuating within a downtrend channel and has broken the top line of the channel and is fluctuating above it.
It can touch our target over time if it is fixed above the channel line.
When it enters the channel and we see weakness in the process, we can consider a fall.
Warning: This is just a suggestion and we do not guarantee profits. We advise you analyze the chart before opening any position.
Wish you luck
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Last time I traded it - felt like liquidity wasn't there. Took forever to fill limit orders which is a bit attractive. FILL was acting the same way for me back in February before it pumped.
You provide liquidity now and get out when everyone is paying attention. Chart looks ok. Horizontal support and resistance lines work better than diagonal but I always like it when I see a breakout and re-test. Allocating a very small portion towards this trade just because its newer and nobody is talking about it ;)
I also like where RSI is relative to RSI at the same price in the past. Seems like momentum is building.
No targets, yolo trade
UNI primeUNI is prime for a move up, 4 h and daily timeframe starting to look oversold. Local HnS formed. Waiting for the breakout of the HnS and the descending wedge.
The most interesting part of UNI price action is the volume of the last few bars. The volume was extremely high which suggest sellers are locally exhausted, they tried to push the prices lower without succeeding creating an imbalance of supply and demand.
I am expecting higher prices with the targets highlighted in the chart.
Also, this high volume is on strong support, which reinforces its strength and the bullishness of the signs.
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