A real myth of pink unicorn ; UNI/USDT analysisUniswap - a protocol for trading and automated liquidity provision on Ethereum.
❇️ COINMARKETCAP's DATA :
Rank #13 kind: Token- On 271,105 watchlists -
Market Cap :$21,682,574,116
Volume24h:$725,339,620
Circulating Supply : 523,384,243.63 UNI -- 52%
Max Supply 1,000,000,000 uni
What Is 🌟Uniswap (UNI)🌟?
Uniswap is a popular decentralized trading protocol, known for its role in facilitating automated trading of decentralized finance (DeFi) tokens.
Uniswap came about as a plan to introduce AMMs on Ethereum to a wider audience. The platform’s creator is
Ethereum developer Hayden Adams.
Adams worked in various projects while finalizing Uniswap, and his work was informed directly by Ethereum creator Vitalik Buterin. Buterin even ended up giving the protocol its name — it was originally known as Unipeg
Uniswap aims to keep token trading automated and completely open to anyone who holds tokens, while improving the efficiency of trading versus that on traditional exchanges.
❇️Introducing Uniswap roadmap an uni.V3:
1-Uniswap v1 was launched in November 2018 as a proof of concept for automated market makers (AMMs),
2-In May 2020, Uniswap v2 introduced new features and optimizations, seted the stage for exponential growth in AMM adoption
3- Uniswap v3.--which have some new features make Uniswap v3 the most flexible and efficient AMM ever designed
although The launch of Uniswap v3 has been one of the most eagerly awaited events in the crypto calendar this year. The upgrade was finally rolled out on May 5, but many of the much-needed speed and cost improvements were missing.
❇️also we've heard #1inch Network integrates with Uniswap V3. that boom both of them.
coinmarketcap -uniswap.org
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✅TECHNICAL ANALYSIS
As you can see in the Weekly time frame chart for UNI/USDT, the price is trading around 40 $ .
Since entering the Binance exchange, it has been growing in a rising trend and can continue to climb in this trend, in which case it should be able to overcome the dynamic resistance (red line), which is a sign of a strong bull in this case . Otherwise, if Uni don't succeed, it can fall down to the green support areas . Which are more suitable entry points.
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(Anyway, my constant suggestion to my dear community is to buy step by step ( in a few steps) , With considering risk management , Because this crazy market is very volatile than you have never seen in other markets .)
also Following security measures is vital in cryptocurrency trading. Always remember that $100 worth of a token may become a fortune someday. So treat every penny with respect.
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👉This analysis is my personal opinion and you are responsible for your own trades or invests.
❤️with Best Regards and successful trades
👍 PLZ support me and hit that damn like button and comment
Uniswap
UNI Bullflag or Rising Wedge? UNI has formed a wedge
Whether or not this will act as a Rising Wedge (bearish scenario) is unlikely considering the bullish momentum behind it, and a possible flagpole confirming the bullflag theory
It is more likely that this will lead to bullish continuation rather than a break down is what I'm trying to get across
New Price Target for UNI -> $48UNI broke the ascending triangle to find support at $40 multiple times! enter channel approx. $44 and exit $48. Good luck! Don't miss this one, many others altcoins will be tanking soon as they've been too hyped-up and retail traders will get anxious and start selling before the make a big loss....I was there the last crash!
UNI Bullish Divergence - $50+ Confirmed After Breakout?Break this downtrend line and things get interesting. Already in a bullish channel and there is bullish divergence that should go green soon in the momentum propelling us to $50 and above soon to the top of the channel.
Trade at your own risk friends.
UNI Moon Soon All signs pointing to another Big Leg Up Coming for UNI
We've been in this text book corrective consolidation for over a week and it's only a matter of time before the next impulse starts.
With Uniswap V3 having just launched yesterday, improving the capital efficancy of the protocol, I think Uniswap is extremely undervalued sitting at the #11 spot on the Market Cap list.
I think we'll soon see UNI start to play catch up and pass some of the protocols with less Fundamental Value.
$100 is inevitable.
Good luck!
UNI, Uniswap - what to do?The price has a strong key level of 45,02(ATH). And the price has already tested for the second time. Now I'm waiting for a sell-through, breakout, retest, and move up! The entry point after the retest) Do not forget about SL
Write in the comments all your questions and instruments analysis of which you want to see.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
$UNI/BTC near the first targets$UNI token has been steadily progressing through the first fib set, slowly nearing the 2.618, aka first high target.
Although the chart is showing some signs of retrace there is not all too much indications in the favor of the same.
Volume is pretty low on the red candles which doesn't indicate a major retrace
Preparing for possible retraces is important thou,
Each of the fiblines ,1.0, 0.764, 0.618 and the 0.5 are potential support levels in case of a shorter term retrace.
If the chart starts showing weakness and breaking through the support levels with ease I expect the 0.236 fibline to provide much harder support and play a role as a new local low and reversal point for further uptrend
UNI/USD GEARING UPuni/usd chart shows us a steady grow between support and resistance , by this time at the time of writing , UNI seems to be gearing up to break the resistance and start a parabolic run . but if it fails to break , the suppot level is there , and if support level is not supported, we would likely to move toward 14${but this bearish scenario is not likely to play in this bull market}.
Cake looking to make a new ATH in MayCAKE has followed a pattern of 50-60% gains every 2-3 weeks since its listing. This price increase is not undeserved as Pancake Swap regularly does similar volume to the much higher capped Uniswap. Even though cake has moved from under $10 to $40 it is still an undervalued project with it market cap sitting around $6.5 billion.
Since we are only about 6 days into the new consolidation period I'm not sure if CAKE is going to takeoff now, or sometime in the next 10 days.
Personally, I plan on getting in now. Chasing a pump is never wise and it seems that CAKE has cooled off a bit before its next move up. We might get this move sooner than the next ten days based on the MACD almost crossing the signal line. I'd prefer a better RSI, but I'm not looking to miss out on a coin I'm confident in (at least in the short term).
If $CAKE makes a similar 50-60% move we are looking at a price target of around $60. A good stop seems to be 33-$35 where there is some support.
selby_exchange CARDSWETH UNISWAP CARD.STARTER WRAPPED ETHER (6H)Selby Geometric Extrapolation Structure for CARDS with price/time forecast
CARD.STARTER (CARDS) is a cryptocurrency that operates on the Ethereum platform and currently trades on Uniswap (V2), Bilaxy, 1inch Exchange, and 0x Protocol among others.
CARDSWETH
March 29, 2021 - July 7, 2021
With standard fibonacci retracement levels
A retest of the 0.382 fibonacci retracement level is expected before bullish continuation
Price/time forecast:
0.0744003194
07-07-2021
707% in 68 Days.
Selby finding creative patterns in charts on Tradingview
Not advice for investing, but I am one to watch
Rebellion=Change=Future
Big thank you to @dzhu69
Uniswap (UNI) Forming Road to $50 then $100? V3 & EIP1559 Everybody's favorite Unicorn. Yes I said it. We're on our Unicorn path to $100. The reality is another +130% increase from these price levels will put us at a $100 Uniswap. And if we continue to hold this bull trendline we may be there by next year. With these bull market conditions another 1.3x isn't too farfetched.
We still have yet to see the full post network effects from the highly anticipated V3 upgrade coming into Uniswap tomorrow. Another huge factor in Uniswap's price I believe is Ethereum's EIP1559 effect on Uniswap. Ethereum's EIP1559 essentially means every transaction on Ethereum will burn ETH gas FOREVER. Meaning the supply of Ethereum will be diminished every year. I can only imagine how that will effect the price of Ethereum and Uniswap in the long term once Ethereum switches over to proof of stake and Ethereum becomes a scarce asset.
Uniswap is already 52% through it's circulating supply and its hard capped at 1,000,000,000. The total value locked ( TVL ) has grown exponentially by over $6 billion dollars since October of 2020. Uniswap is only at a $22.5 billion dollars as a global decentralized Exchange which to me is undervalued for the value Uniswap brings to entire crypto space.
As DeFi and Ethereum grows so will Uniswap. I can literally go on for days about Uniswap because there's a lot of upside. I'm very bullish about Uniswap this cycle and still holding my bag throughout the rest of the year.
Cheers! Much peace, love, health, and wealth!
BTCUSD Bybit Perpetual - Breakup and Breakdown LevelsSupport my work with a Like and Follow Me for daily Analysis
Here is a simple Daily chart to Highlight where BTCs next move could take us
Using Fib Pulls and Volume profile to determine the said levels .
Know your invalidation regardless of the trade you take and thanks for stopping By .