From Support to Surge: A Look at #UNIUSDT's Ascending Channel💎 Paradisers, the mid-term price action for #UNIUDT remains optimistic, as we continue to observe a pattern of higher highs and higher lows. What's more, #UNI has recently retested and rejected the vital demand zone near $5.7 for the third time in a row. It's evident that the bulls are holding their ground, and this could lead to a powerful surge shortly.
💎 We must also consider the bounce off the 50% Fibonacci retracement level, intriguingly situated right in the supply/demand area. Furthermore, #UNI continues to trade above the 200 Simple Moving Average on the 4H timeframe, once again displaying its bullish intentions.
💎 In terms of immediate resistance, the peak of the ascending channel could be the first area for profit-taking. However, if the price breaks above the channel with robust buying pressure, we could witness a much more potent trend in the upcoming weeks.
💎 Of course, this bullish outlook would be negated if the bulls fail to defend the demand zone, but as of now, #UNI appears quite bullish. Stay tuned for more updates and happy trading, Ladies and Gentlemen of ParadiseClub!
Uniswap
Finally Breakout above the Descending Trend Line | New CycleWeekly Chart
UniSwap BINANCE:UNIUSDT was under the descending trend line, you can see that on Weekly Chart
Daily Chart
Last week, Uniswap has broken out resistance and now it's trading at 6.42x
Uniswap has support zones around 6.1
Wait a retest and join Defi's trend
Uniswap UNI price price is accelerating, how long will it last?It seems that in early June, the UNIUSDT price did manage to break out of the prolonged downward trend.
Well, we're keeping our fingers crossed that buyers will be able to accelerate the growth even more. Buyers have a "difficult path" ahead of them, as there are strong liquid zones above, where there will be many people willing to sell their UNI, which is lying around in their crypto portfolio and weighing it down with its price drop.
The first critical level from above is $7.50. This is where the first "serious struggle" between buyers and sellers will begin. The outcome of the battle will determine which route the UNIUSD price will take next - white or blue.
One way or another, the medium-term target, where we believe the price of the Uniswap token will sooner or later reach, is in the range of $12.25-13
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UNIUSDT: Potential Trend Reversal Amidst Breakout and Bounce.💎Recently, #UNIUSDT successfully broke out of the descending channel and surpassed the supply zone, confirming a shift in market dynamics. Subsequently, the price underwent a correction and achieved a clean bounce off the 61.8% Fibonacci support level, indicating a potential shift in the trend from bearish to bullish.
💎Currently, #UNI is positioned within the demand zone, which serves as a crucial starting point for the next upward swing and potentially significant price increase. To assess the potential upside, we turn to the Volume Profile and Fibonacci indicators, which highlight three key resistance levels to monitor. The nearest resistance lies approximately 20% above the demand level, while the final resistance is situated around 35% higher.
💎However, the realization of these gains hinges on the avoidance of a new lower low, specifically, a daily close below the critical support level at $4.74. It is important to note that the market may enter a consolidation phase, characterized by range-trading, lasting for another week or longer. While the probability favors an eventual upside move, Paradise Club Members must remain patient.
✴️ Uniswap Clear Bottom Signal, Long-Term Higher LowOk... Let me explain my thinking to you, my dear friend, behind this chart.
✔️ Fundamental analysis
Uniswap is a DEX and that's a point in favor.
Since all the CEX are under attack, people are starting to appreciate the benefits of DEX but that's not all, the chart is what really matters because fundamentals can be good and prices go down, fundamentals can be bad and prices go up; It is more based on market cycle rather than everything else.
But being a DEX is a point in favor specially in 2023 now that the Cryptocurrency market is 14 years old and growing.
Many people have experience and love to diversify, for security, for protection, for ease and peace of mind. Great choice, this is wise.
✔️ Technical analysis
The bottom signal is absolutely clear in June 2022 with the Inverse Head & Shoulders, or simply three drops before a recovery takes place.
Fast forward 1 year, the biggest attack in the history of Cryptocurrency and Uniswap produces a strong red candle 10-June and starts to recover right away.
In the past we had this complex recovery pattern, in the present we get a simple "v shape". The law of alternation once more.
We have multiple days green, straight up and a year long higher low.
Last year the June bounce lead to 193%.
Since we have a higher low in place, this time it can be better.
I want to buy this one with a bunch of X... If you can do it, make a plan and go ahead.
Namaste.
Uniswap outperforming today Uniswap is exhibiting exceptional performance today, showcasing a bullish breakout and setting its sights on reaching the 6.5 level. The probability of achieving this milestone significantly increases if we manage to surpass the critical threshold at 6.22. However, if we fail to maintain stability around the 6.0 mark, it would be wise to anticipate a support retest at the 5.7 level. NFA
UNI Uniswap Double Bottom on a Falling WedgeIf you haven`t sold UNI when Apple blocked Uniswap Labs’ mobile crypto wallet:
Then you should know that UNI (Uniswap) has recently formed a double bottom pattern within a falling wedge, indicating a potential bullish reversal in the near term. The double bottom pattern is characterized by two distinct lows at approximately the same level, followed by a potential breakout to the upside. When combined with the falling wedge, this pattern suggests a convergence of support levels and diminishing selling pressure.
Considering the formation of the double bottom on the falling wedge, UNI could be poised for a potential price target of $5.70. This target represents the projected upside that could be achieved if the pattern unfolds as expected.
Looking forward to read your opinion about it!
How Arbitrum and Radiant Capital Could Outshine Uniswap, AaveIntroduction:
Prepare to be amazed by the disruptive potential of Arbitrum and Radiant Capital. In a world dominated by DeFi giants like Uniswap and Aave, these rising stars have the power to revolutionize the entire landscape. Discover how their groundbreaking technology and innovative features make them unstoppable forces in the crypto realm.
Unmatched Scalability and Speed:
Arbitrum's Layer 2 scaling solution is set to leave its competitors in the dust. By significantly boosting scalability and transaction speed, Arbitrum creates an environment where Radiant Capital outshines Uniswap, Aave, and other platforms. Say goodbye to network congestion and hello to lightning-fast trades and interactions.
Unparalleled User Experience:
Radiant Capital is rewriting the rulebook when it comes to user experience. With a sleek and intuitive interface, seamless token swaps, and powerful analytics tools, this DEX is designed to make trading a breeze. Bid farewell to complicated processes and say hello to a user-centric platform like no other.
Enhanced Token Staking Opportunities:
Radiant Capital not only offers an exceptional trading experience but also opens doors to lucrative token staking. Seamlessly stake your assets, including major tokens like BUSD, and earn passive income with ease. Embrace a world of endless possibilities with Radiant Capital's innovative staking options.
Unrivaled Security and Reliability:
Arbitrum and Radiant Capital prioritize the utmost security and reliability. Built on Ethereum's robust infrastructure and fortified by Arbitrum's Layer 2 technology, these platforms offer peace of mind to traders and investors alike. Trust in the future, where cutting-edge technology meets rock-solid security.
The Future is Here, Don't Miss Out:
As the DeFi space continues to evolve, Arbitrum and Radiant Capital are poised to lead the charge. Their potential to surpass Uniswap, Aave, and every other token in the market is undeniable. Join the movement and witness the birth of a new era in decentralized finance.
Conclusion:
In a world of infinite possibilities, Arbitrum and Radiant Capital emerge as the game-changers. With unmatched scalability, an exceptional user experience, groundbreaking staking opportunities, and unwavering security, they are poised to surpass the competition. Brace yourself for the future—click now to be part of the DeFi revolution!
Please remember that the statements made in this text are speculative and should not be considered financial advice. It's crucial to conduct thorough research and exercise caution when making investment decisions in the cryptocurrency market.
UNI CAN DROP MOREHi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORT the UNI symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
UNI 22% upside incoming ?!! 💎 #Uni has shattered its long-standing support level and the lower limit of a triangle formation, indicating a likely extension of the bearish trend 📉
However, there's a crucial element to take into account. The price discovered support on the descending trend line, coupled with a bullish divergence on the MACD indicator, hinting at a possible rebound 🔼
We're looking at two potential scenarios:
1️⃣ A consistent drop following the breach of the last low
2️⃣ A pullback to the trend line prior to recommencing the downward trajectory
Remember, ParadiseFamilyVIPs, in the ever-evolving crypto landscape, staying informed and adaptable is key. Stay tuned for more updates and happy trading!
Uniswap: You’ve still got work to do…! ☝️Uniswap is chilling in a sidewards movement, although it still has got work to do! So far, the altcoin seems hesitant to reach for our red target zone between $3.99 and $0.88, moving closer only gradually. However, our crypto-friend should take heart soon! We expect it to dive into the red zone pluckily to complete wave b in red. This done, Uniswap should turn upwards and head for its next destination: the northern turquoise zone between $13.03 and $16.03, where wave 4 in turquoise should end.
UNIUSD Underperformance: Why You Should Sell NowToday, I want to talk to you about UNIUSD and why it's underperforming despite having a DEX as big as Coinbase.
It's no secret that UNIUSD has been struggling to keep up with other cryptocurrencies in the market. While their DEX is as big as Coinbase, their token price has consistently dropped. So, what's the reason behind this?
The truth is that UNIUSD has been facing a lot of competition from other decentralized exchanges. With so many options available, it's becoming increasingly tricky for UNIUSD to stand out. The recent market volatility has also played a role in the token's underperformance.
So, what should you do about it? My advice is to sell your UNIUSD tokens now while you still can. With the token's value continuing to drop, it's only a matter of time before it hits rock bottom. So, please don't wait until it's too late to get out.
In conclusion, UNIUSD is underperforming for various reasons, and it's time to cut your losses and move on. Sell your UNIUSD tokens now and invest in a cryptocurrency that has a more promising future.
Uniswap to form new lows for 2023 soonIn late 2022, the $4.95-$5 region acted as strong support, but in May this level has been severely strained.
The market structure is bearish
OBV has made new lows
Momentum is bearish
Therefore a move below $4.9 and retest of the $4.95-$5 area can offer a shorting opportunity. FVG at $5.02 could also be tested. Slightly wide stop-loss can be considered.
Entry: $4.98
Take-Profit: $4.615 (next significant support)
Stop-loss: $5.14
R:R- 2.24
Breakout!?!?$esco is a hidden gem with a potential of 100x, they now support staking at their website with a very lovely apy
Sushiswap is a promising project for a bull cycleSushiswap , a decentralized exchange that appeared in the first era of DeFi sector development, is a fork of Uniswap. The project has gained popularity through the release of its native SUSHI token and the attraction of active Uniswap users.
In early May, Sushiswap launched the ability to launch concentrated liquidity pools (CLP) that offer a number of advantages over traditional liquidity pools. Some of the benefits of CLPs are:
Increased profitability for pool participants: in a CLP, liquidity is concentrated around a certain price range, allowing participants to get more profitability when trading tokens.
Reduced gas costs: In a CLP, transactions can be executed faster and with lower gas costs because the prices of tokens in the pool remain stable.
Greater efficiency: CLPs allow you to create pools of liquidity with greater efficiency because participants can get more return for their liquidity than in traditional pools.
Faster and cheaper trading: due to a higher concentration of liquidity, trading tokens in a CLP can be faster and cheaper, providing a better trading environment.
Due to this and Sushiswap's strategy of spreading to as many networks as possible, this could potentially increase the project's impact on the DEX segment.
Sushiswap is currently the closest competitor to Uniswap in the key metrics of Price/Fees and Price/Earnings, which shows the soundness of the product and business.
If we look at Sushiswap in terms of technical analysis and charts, we see that Sushi is currently trading in the price range of November 2020, if we look at the SUSHI/ETH pair which shows us the ratio of the asset to ETH, we see that since March 2021, Sushi has been in a long downtrend and has been losing the dominance for 2 years now at the lowest level.
If we are sure that the current price movement is bullish and we came out of the bearish cycle, from the analysis of previous bullish cycles, we can set the basic levels for taking positions in SUSHI and expect the start of the alt season, when the project should show positive dynamics and win back the dominance lost from ETH. As a rule of thumb, a full-fledged alt-season begins at the end of a bull cycle about 600 days after the exit from a bear market. So readers, you definitely have time to read this article, DYOR and prepare for this stage as much as possible.