Uniswap (UNIUSDT) buy targets triggersHello guys,
No need to panic here. Just a look at the bigger picture and you will see how intact the uptrend remains for Uniswap. Given the solid fundamentals around the upcoming exchange version 3, I don't see a reason for a selloff or a market-caused depression lol.
I see a similar pattern for most of the majors that popped up after the last bull run- LINK, UNI, DOT etc. Solid uptrend with the price crawling up by hitting the lower and upper boundaries of the channel.
The current price level around the 50-day EMA is a good entry point in the formed trading range. Next will be the accumulation zone near $22.5.
Cheers,
UNI
UNI - 6h. The market decline is not over yet - we expect a $20Yesterday's continuation of the fall in the BTC market provoked other coins to similar actions. The fall in the UNI price by 15% is an unpleasant event that indicates the weakness of the coin. Of course, almost all coins have been corrected. However, if UNI and DOT fell heavily, then BNB and FIL coin charts look much better.
A large number of sellers of this coin became noticeable when the UNI price tried to break through $34.6. After the first drop in the BTC price on March 22-24, the UNI market looked one of the strongest. The price practically did not drop for BTC and buyers launched a counterattack. But the buyers failed to gain a foothold above the mark of $34.6 even for an hour:
The last attempt of buyers to gain a foothold above this level ended with a sharp response from sellers, and led to a strong fall in the price of UNIUSDT .
At the moment, the UNI market fall looks like it is not over yet. Buyers managed to keep the range of $26.3-27.2. However, the main volumes formed in the range of $31.2-32.2. Notice where the UNI price stopped during an aggressive buyer's attack
In our opinion, this range is a sales area . If buyers fail to take control of this range during the next counterattack, we will expect a new wave of decline to $20.
It is at this mark that two trend lines intersect:
In addition, the last strong consolidation in the period from January 30 to February 20 is located exactly at the $ 20 mark. The cryptocurrency market has changed. Therefore, in incomprehensible situations, it is better to observe longer.
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One could draw that support line in many waysJust wanted to share that the support line that everyone is saying it was broken could be drawn in many ways, considering weekly, daily and hourly graphs.
This could be a huge Bear Trap, 51k would be my last support for today, when we break that I am leaving, not before.
Just keep in mind that BTC always passed from week hands to strong hands sooner or later.
UNIUSDT Short And Long Senario BINANCE:UNIUSDT
FA: UNISWAP V3 Launching (LONG)
TA:
So on UNIUSDT we have a ascending channel (Daily Candle) to be considered
on 4H 200 MA Plays as Support and it should hold Up from here
this area held up as a strong node (the box played as a resistance and now it's a support)
LONG Senario:
if I see bounce back from here I'm gonna enter long
TPs are: $34-$35 (TP1) / $40 (TP2)
SL: Close below support Box ($27.5) on 4H candle
SHORT Senario:
Considering BTC dosen't hold 53-54K Level if we Close below support Box ($27.5) on 4H candle
enter Short and TP would be 23-24 Area
but for now I'm Biased on Long Senario
UNI getting big buyer attentionUNI is starting to attract alot of attention from the big players according to our data collection methods. A good risk conscious purchase spot might be at a pull back to 31.07 at this juncture for a long term hold. If volume can build higher we will adjust our bid point up... but at this point it is at the 31.07 level.
That support is hidden 2 possible scenarios BTC bounced back up from the bottom of that support that many though was already lost, but on my view it was not.
There some news helping it out, just like those Elon Musk twits. But keep in mind that those moves can be temporary,
we need a steady move to the upside to reach the top of the triangle again, specially because we still have a low volume on the market.
On the other hand Alts felt even more, and I bought even more for now, but I am definitely exiting if BTC breaks that support.
$UNI/USDT 12h (Binance Futures) Ascending wedge on supportUniswap is up-trending and looks ready to push higher in the coming weeks.
Let's see if it can hold wedge support and break out of the descending channel!
Current Price= 30.8817
Buy Entry= 30.5026 - 29.5126
Take Profit= 33.8286 | 39.1273 | 46.0397
Stop Loss= 27.4518
Risk/Reward= 1:1.5 | 1:3.57 | 1:6.27
Expected Profit= +25.46% | +60.78% | +106.86%
Possible Loss= -17.04%
Fib. Retracement= 1| 1.764 | 2.618
Margin Leverage= 2x
Estimated Gain-time= 1 month
UNISWAP-USDT
Greetings,
UNI instrument is the first by capitalization among defi, and eighth today in the overall cryptocurrency top, ahead of LINK and Litecoin.
Strong uptrend and no signs of reversal, most importantly the product is actively used, so we can assume that the growth will continue.
On the daily chart, the price has several times tested the area of 33-34$, the price is not going further, but there are no strong pullbacks as well. On the chart, an upward triangle was formed with the compression of the minimums. There is a probability of the test support at 28-28.5 dollars in the case that it will not resist the next zone of interest of the buyer in the area of pro-trade at 20-21.5 dollars.
I plan to trade this tool only if the price breaks through a zone of 35$ on good volume, in this case, the potential of the transaction is 80% (the base of the triangle).
The second option in the case of a correction, look for an entry point at $28-28.5 on the rebound from horizontal support and the bottom of the triangle.
Always use a stop loss, and do not use a leverage greater than x3. A trader must always have tomorrow. If this information is useful to you, please like and subscribe, so as not to miss anything.
1,1 is the bottom of the bull channelBTC is still under accumulation, some people see the ascending triangle as a bearish sign, and technically it is.
The think is that BTC have a strong support under 50k, and with that money printing a rise is inevitable.
My guess is (not financial advise), BTC could be testing the top of the triangle before a major correction, and on the meanwhile alts will have their pump.
ADA and LINK are my favorite alts at the moment, followed by UNI, DOT and SUSHI.
That ADA bull channel have being working great so far, and as long as ADA don´t break it I am still bullish.
UNI.USDT (Y21.P2.E1).Really symmetrical curveHi Traders,
I haven't seen any formation this symmetrical curve and to me it just states predictability on the breakout.
Question is, is it just a cup or cup and handle.
To enter is the hard part, either you keep watching for the breakout or the pullback if there is one.
All the best,
S.SAri
BTC is extremely volatile, which could turn very bullish BTC just made a false break of the triangle and is now testing the support around 55k, it could easily go to my buy box around 53k to pump up again,
if it fall to 53k and then breaks the triangle we could reach 69k on the break.
if we break from 55k in the next hours or days we could reach 67k on the break.
In case we break under that support line that we have being following since the beginning of the bull run, we could have a red monthly candle coming for us.
LINK being LINK, the father of DEFILINK is my main Alt investment right now for one simple reason, DEFI exists because LINK exists.
Even though I also love Cardano and Ethereum, LINK will always be the game changer.
But talking about the graph right now, Link has being accumulating for quite some time now and is looking very strong and steady,
a similar movement happened a couple weeks ago, and I believe we are repeating all the way up to the top of the channel.
UniSwap V3 coming soon! This is huge! 2-3x gains coming!Here's a quick look at UNI 1 day chart. As we can see, the price action has been parabolic for the past few months due to the bull market. There's big news coming up for UniSwap which is that they are launching UniSwap version 3! That will take the price very high! Possibly 2-3x gains here. Remember; The Alt season is near!!!
The idea is: Buy the breakout from the level shown in the chart. Take profits at the level shown in the chart.
Targets:
1. 38.5$
2. 44.5$
Follow me for daily trading setups
BTC dictates the market. If BTC falls, then Alts will fall as well. BTC needs to get stable before alts can run. Trade safe!