UNI closes the gap to $40 despite broad-based crypto retreats
Uniswap leads recovery in the market, posting incredible gains.
Breaking the resistance at $40 could bolster UNI to new record highs.
Uniswap has given a blind eye to the ongoing correction in the market to post double-digit gains over the last 24 hours. The decentralized finance (Defi) token is among the cryptocurrencies that managed to weather down the volatility in the market with ease since the beginning of the week. At the moment, Uniswap teeters at $36 while bulls focus on breaking above $40.
Before the breakout, Uniswap had settled on top of crucial support, highlighted at $30. A ranging channel controlled price action for a short period ahead of the ongoing bullish momentum. Several broken resistance levels set the precedence for the bulls to take control.
Meanwhile, all the short-term technical levels and indicate that bulls are comfortably in control. For example, the Moving Average Convergence Divergence (MACD) hints at the uptrend remaining intact in the short-term.
As the MACD crosses into the positive region, bulls are bound to tighten the grip on the trend. Moreover, the MACD line (blue) has crossed above the signal line, reinforcing the bullish outlook.
The Relative Strength Index (RSI) is leaning to the bullish camp after gradually recovering from the oversold area. Movement into the overbought region would encourage more buyers to join the market, pushing Uniswap beyond $40. Trading above $40 will also trigger the fear of missing out (FOMO), bolstering UNI toward $50.
Uniswap intraday levels
Spot rate: $36.8
Trend: Bullish
Volatility: Low
Support: 50 SMA, 100 SMA and $30
Resistance: $38 and $40
UNI
BTC is back over the weekly EMA 8, are we holding above it?BTC has a good chance of retesting the 59k area before another correction, that would be great for the short term showing a strong support on the weekly EMA 8.
Otherwise we could be visiting the historic Weekly EMA 21 like we did in all past halving's,
that´s why we should not go all in at the moment, leave some money for an eventual doom`s day on the Weekly EMA 21.
57400 Possible next target for recovery Data shows possible incrHello trading friends,
As the most know our before-expecting target of 56K did hit, and we did even go below that as we did expect before. but what is next?
Depending on-trend TA and whale data it shows very stability.
We expect Depending on the market show that we can get a new increase trend into BTC what can bring the bitcoin price
Its possible that bitcoin will hit 57400 into the next whale increase.
# we will update soon with more targets, for us BTC are long now.
CHECK ALSO ALGO, WE EXPECT ALGO TO 2.50 USD IN THE COMING TIME.
Discipline is the key to success - Take profit - Learn from your mistakes and never give up!
The reason 1 that 90% of traders lose, not because they can't trade, but because they trade emotionally.
if this appeals to you then learn yourself first before starting with trading.
#Always do your own research don't follow us or someone else blindly * this is not an advice
---> Have a great day
ALGO WILL MOON TO TARGET 2.50 SINCE NFT AND MORE - THE GOLDEN TAHello trading friends,
We expecting that ALGO will become the gold coin for next time, after the news of NFT, and whale interest. we bought the dip, we expect a huge increase on way. we did this before with more coins, and now its time for ALGO. its now the dip-buying.
Time will learn why we expect this target, and we did say it before with more coins.
Discipline is the key to success - Take profit - Learn from your mistakes and never give up!
The reason 1 that 90% of traders lose, not because they can't trade, but because they trade emotionally.
if this appeals to you then learn yourself first before starting with trading.
#Always do your own research don't follow us or someone else blindly * this is not an advice
---> Have a great day
BTC in the next daysBTC has two pathways to reach another peak, either breaking now and bouncing around 68k, or maybe we are taking a longer path to reach even higher levels from 80k to 120k.
Just manage your risk well and always take profits along the way. Have a good one and stay safe.
I am also considering entering shrimpy.com to manage some portfolios and allow other traders to copy my portfolio, let me know if that could interest you.
UNI.USDT (Y21.P2.E2).Macro.Bullish continuationHi All,
This is a continuation post from the previous post as the story continues, link below.
Still upward pressure and we have cleared the main structure based on 2 more local re- tests.
Now looking for the 3 levels of target.
All the best,
S.SAri
MACRO OVERVIEW, hence identify the re-accumulation phase
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Uniswap Forming road to $40 and BeyondHow can we not love our favorite unicorn Uniswap flying to new all time highs. We've been following this bull trend line since the beginning of this year right behind the smoke trails of this rocket ship. We may get a re-test of our trendline putting as at higher highs and higher lows. I also believe the Coinbase IPO will have a positive price effect on Uniswap throughout the year as more liquidity and investors flow into Coinbase.
Cheers! Much peace, love, health, and wealth!
HIGHER TARGETS ARE AVALIABLE FOR UNIGreeting from IRAN to whole trading community wish peace to you all 💙💙
Congratulation to all UNISWAP hodlesrs for reaching new ATH
Uni is moving through an ascending channel since early 2021
After making a new ATH in 23rd of March , price dropped down to the bottom of the channel
After a while of price and time retracement UNI attacked to its ATH and made a new one
We belived that UNI can reach higher targets so 1st target would be 42$
If mid line of ascending channel broke strongly , higher levels will be unlocked
This post will be update
Thanks for your time and attention
Just keep it simple :)
UNI updateOur Uni trade went beautifully. Now let's see where we can go from here.
- Consolidating at the ATH
- Confluence between .272 & .382 FIB
I expect it to consolidate here for a while & and after that at the $40 psychological level. After which we have a clear path towards the 1.618 FIB level that I drew on the last drawback on the daily chart. This puts us around $44.
How are you feeling this UNISWAP run?