UNI usdt - break of the downtrend?Like Sushiswap, Uniswap experienced a pulldown off the back of the bitcoin drop.
Will we see a breakout this weekend?
Price above upturning EMA.
UNI
UNI: Coinbase IPO = UNI Target Price of $131Just want to put out a short Fundamental Value note on UNI
UNI is worth $131 considering the relative value of where Coinbase will list its IPO which looks to be at or above $68B in equity value alone.
UNI does very similar daily exchange volumes at nearly ~$2B / day relative to Coinbase and will likely surpass Coinbase in exchange volume in the next 30 days after UNI implements its major upgrade for efficiency and a later upgrade that will focus on reducing gas fees by May.
Public comps like this are god-given gift b/c the value will be visible to anyone and this will attract investors to UNI as it will be clear that it is massively undervalued at $14.5B market cap. If UNI were to trade more in-line with this public comp, that would equate to a price of $131 per UNI. Therefore my PT by the end of April is $131 .
Coinbase will list its shares mid-April.
Source: Coinbase puts its value for Nasdaq Listing at $68 Billion
Coinbase Global, the largest cryptocurrency exchange in the US by trading volume , has registered 114.9 million shares for a direct listing on the Nasdaq stock market.
The company, founded in 2012 by Brian Armstrong, who is the CEO, and Fred Ehrsam, said in a regulatory filing to the Securities and Exchange Commission that recent private transactions had valued the San Francisco-based business at around US$68 billion. The valuation is almost 53 times its revenue in 2020.
In the filing, Coinbase said its stock in the private market traded at a weighted average price of US$343.58 in the first quarter of 2021 to 15 March. In the third quarter ended 30 September, Coinbase’s stock traded at an average of US$28.83 per share for a valuation of US$5.3 billion. According to data platform PitchBook, Coinbase was valued at a shade over US$8 billion during its last private raising of funding in October 2018.
UNI Bullish IF we Break $29.5 ResistanceBINANCE:UNIUSDT
UNIUSDT No Sitting on a Interesting Area
1. it's at the bottom of daily ascending channel and did couple of Reactions to it and now bounced back from 50MA on daily
So basically it's ready to meet the median line of the channel ($34.5 area)
but we're touching the $29 resistance area (Yellow box), this Static resistance now is aligning with 50MA and 200MA as dynamic resistances on 4H Chart So need to break it to Being Bullish on it
If that happens i'm going to enter
Targets Are: $34-$35 area (TP1) / $42 (TP2)
Stop-loss: any 4H Candle close below the yellow box
NOTE: I don't recommend Entering now but if you're going to stop-loss would be any Daily Candle close below $26
Hope You Enjoy
time to decideAlts are under pressure, indecisive and unpredictable right now, even though I still think that the strong alts will follow BTC even if the dominance increases in the next days.
Uniswap (UNI) Ascending "Unicorn" Formation Before V3 May 2021I'm really liking this ascending triangle formation for Uniswap. We've held a beautiful bull trend line since January 11th and it is still holding nicely. This is only complimented by the fact that Uniswap will have a major upgrade to Version 3 sometime next month in May. This is very bullish news for the all the Uniswap holders out there and for anybody that uses the Decentralized Exchange.
Uniswap has proved to be one of the most important and significant cryptocurrency projects in this ecosystem holding a steady top 10 cryptocurrency position. It is the king of the DEX's. I believe we will continue to see increased adoption and liquidity grow on Uniswap throughout the year especially with the much anticipated upgrades with V3. I personally believe that probably won't see Uniswap under $30 much longer. However I'm no financial advisor. Much peace, love, health, and wealth.
UNIUSDTHello to you all. Mars Signals team wishes you high profits at all times.
There is a bullish support line for Uni. We can expect the price to go up during the coming days.
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!
BTC trying to confirm the bull flag breakBTC is resisting over the bull flag channel, trying to reach new levels in the next days.
I have some alarm at 57k to take some profits in case we go back to retest lower levels.
But on my opinion we are not retesting the bottom of the channel since we have 2 supports that could hold us right now.
First one is the support levels from the beginning of the bull run around 55k-56k, and the second one is that red triangle that we created recently around 52k.
In all those cases we are set for a uptrend this month to either the top of the triangle around 64k-66k, or 81k.
That´s all folks, have a good one and lets keep our eyes on that channel.
BTC moved exactly as I predicted, what next?BTC broke the bull flag today, and TA indicates that it could reach 70k soon.
I see a lot of bears nowadays expecting it to fall, but is too late now, the moment to be bearish has passed and if you guys don´t wake up you will loose a big opportunity.
$UNI (Uniswap) looks incredibly bullishInvalidation would be a closed candle below support.
Pretty low R:R, for a entry now.
Dot lost it´s channel but held on the 0,38 fiboDot lost its channels, but it actually held pretty well after the break lateralizing just a bit to the 0,38 retracement level.
I believe that is coming back to the channel soon.
UNI not forming good TA, at least for me.UNI is not giving me much to work on since it is not forming good supports, but on the fundamentals is very bullish, I am only holding it for now.
Hard to tell if BTC will keep loosing dominance right nowBTC kept loosing its dominance even now that it recovered from 50k, the fact is that alts are set up to pump.
But I don´t think we will see a real Alt season just yet, just alts outperforming BTC in the next days.
LINK continues to be awesomeI know many lost their hopes on LINK, and that´s why it will go up. Only the real holders make good profits on it.
Link´s channel is too big since the beginning of the bull run, and is hard to predict short term moves. Just accumulate that baby and thank me later.
Have a good one guys.
ADA is holding the bull channel, best performing altcoin by far.By best performing alt I don´t intend the best percentage since the beginning of the bull run, but the most stable upwards movement for sure.
I guess that by now you guys know my thoughts on ADA already.
UNI/USDT - waiting for the patternCoin formed the local range. The major problem of UNI that it rose up so much and broke down big accumulation. I don't see an entry point at this moment. If the price continues to create a beautiful trend line, only in this case I will start to buy.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
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 - 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.
_____________________________
We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements.
Subscribe to us and get daily concise analytics!
