UNI
Filling the GAP is inevitable, but are we continuing to go up?Well well, BTC is coming back strong to test that old support as a resistance now, Since we are over the 8 weekly MA we could continue to go up,
or that resistance could send us back down again to touch the 21 Weekly MA before going up again, or maybe even lower if things go bad.
But with all that institutional money coming in we have to stay strong and wait for another break on the 8 Weekly MA,
if that happens it will be the time to close positions.
Also, it Alts time right now, so stay alert for eventual pull backs, but for now Alts are in the bullish direction, don´t loose that opportunity.
#UNIusdt #UNIFundamental information/knowledge:
What is UNI in Crypto market?
BINANCE:UNIUSDT
#Uniswap is a decentralized finance protocol that is used to exchange cryptocurrencies and tokens; it is provided on blockchain networks that are decentralized, running open-source software, as opposed to any centralized intermediary.
The market capitalization for the UNI token is over $21,901,869,001 million as of April 2021, and UNIswap rank is #9 based on Coinmarketcap.com.
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Basically, Red horizonal lines are my two target point on UNI and we can reach easily if BTC keep increase price on the market.
$4.7
$5.4
are my two target point.
But interestingly, UNIswap break up Daily Trend line as u can see which is a significant increase in Uniswap market...
I have a question for you guys...I am not bearish right now, but I think BTC could be stopped at the 59k GAP.
And maybe we could keep testing lower lows to maybe fill that 24k GAP.
It`s just an hypothesis, everything could happen, but If that happens I want to be prepared.
So, my question is, out of those gaps, which one you would consider as a strong magnet to get filled in case we have another long leg downwards?
Uniswap ready to explode higherAfter the Coinbase IPO, Ethereum and DeFi have gotten a boost again. My belief is that many of the people on Coinbase are big on Ethereum, but also we've exhausted most narratives. We've gone full circle and back into Ethereum and DeFi again. Despite the crash Ethereum recovered quickly and recovered fully which I think was a bit surprising, but the ETHBTC chart and UNIBTC charts are explosive.
With V3 coming for Uniswap, the expansion to other chains or second layers, as well as its complete dominance over other DEXs... Uniswap could be heading for a massive boom. This could be seen as a massive cup and handle pattern and I think that my target is probably the first one and the upside is even larger.
UNIUSDT 4 HR Education Analysis using MACD and DEMAIn this analysis I am using two DEMA's, one is 9 period and the other is 26 period, in combination with MACD indicator.
Uniswap, after achieving an ATH, is again unstoppable. It is going to test the previous resistance turned support at about $39, and if it holds, is going to see another ATH very soon. On the other hand, if this support breaks, it could visit $30 areas.
As analysed with two DEMA crossovers and MACD confirmation crossovers, this setup is giving good buy and sell signals.
It works like this, when 9 period DEMA crosses over 26 period DEMA and MACD line crosses over signal line, we can go long or BUY the asset and SHORT or SELL when the opposite occurs. We can also take into consideration various other factors like volume and how other markets are moving.
Uniswap has very strong technicals, and could see a good movement upwards achieving new ATH's.
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Keep an eye on SushiI entered sushi when I noticed that channel support is valid. (Entry 27.April)
With strong set ups on many blue chip DeFi tokens, the low valuation in realtive terms of Sushi caught my attention.
When Sushi closes above horizontal support it gives me signs of strength rather than weakness for now. For me, possible entries are once a channel breakout (If covered with volume) or if we surpass the local high at 18$.
polygon / quick: chicken or egg?quick is the principal amm (uniswap fork) for polygon (previously matic - an l2 ethereuem chain).
considering the recent interest in BSC (l2 chain) and the popularity of its principal amm (pancake swap), matic and quick are starting to draw attention. of particular interest should be the ratio of an amm token marketcap to its underlying blockchain marketcap - which for quick is comparatively undervalued. the movements of poly and quick are clearly tied but which moves 1st and which follows - which is the chicken and egg? is there a signal in the relationship?
🔥 UNI Channel Reversal: Bearish OutlookAfter seeing a very good run-up in the last two days, it appears that UNI is falling from both BTC's troublesome morning and the fact that UNI recently hit the top of the channel. Long-term I'm still bullish, but this might be a minor correction since the market had two very strong days.
Current target would be the lower support of the channel.
Happy trading!
UNIUSDT (UNISWAP) Resistance Zone BreakoutUNIUSDT (1H CHART) Technical Analysis Update
Resistance zone breakout
UNI/USDT currently trading at $40.00
Buy-level: $39.00 - $40.00
Stop loss: Below $36.70
Target 1: $42.50
Target 2: $45.00
Target 3: $47.50
Target 4: $49.00
Max Leverage: 2X
ALWAYS KEEP STOP LOSS...
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