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Uniswap

#Uniswap Weak But Bulls Soaking In Selling PressurePast Performance of Uniswap There are lower lows in the daily chart. However, what's evident is that buyers have the upper hand, rebuffing attempts to push UNI lower. As it is, the immediate support is at $5.3, flashing with March 12 lows. In the days ahead, it will be critical to observe how prices will react at the top of the current consolidation at around $6. #Uniswap Technical Analysis UNI prices are down 21% from February peaks but remain bullish from a top-down preview. Even so, buy trend resumption will highly depend on how bulls will flow back and build from yesterday's gains. Already, the March 28 bar is bullish though trading volumes are comparatively low. Ideally, a high volume break above $6 may be the base for the next leg-up that may see UNI race to March 2023 highs at $6.6. If bears flow back, any dip below $5.3 with equally high volumes would confirm sellers of late February. In that case, UNI may drop to $5, retesting critical support levels of H2 2022 and Q1 2023. What to Expect From #UNI? The token is technically bullish but tethered to $5, a psychological support level. If there are gains above $6 as confirmation of March 12 gains, UNI may surge in a resumption of the December to February trend. Resistance level to watch out for: $6.6 Support level to watch out for: $5.3 Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
Uniswap: Shake a Leg! 🦵Uniswap should shake a leg now and start moving upwards. The altcoin should push further off the lower edge of our pink trend channel, where it has recently finished wave d in magenta, and soon make it above the resistance line at $9.82. There, our crypto-friend should climb into the turquoise zone between $13.03 and $16.03 to complete wave e in magenta as well as wave 4 in turquoise. Afterward, we expect Uniswap to head southwards again. The altcoin should return below $9.82 and continue the descent until the support at $3.33. Shortly before this mark, it should stop, though, to conclude wave 2 in green. However, there is a 33% chance that Uniswap could slip below $3.33. In that case, the altcoin would develop wave alt.2 in green earlier (and lower).
BINANCE:UNIUSD
by MarketIntel
1
#Uniswap in a Bull Flag, Down 10% with Resistance at $6.5Past Performance of Uniswap On March 15, UNI prices fell 10%, swinging back to bearish territory and reversing gains of early this week. The downtrend remains, and the token is within a bull flag with support at around $5.5, flashing with last week's lows. #Uniswap Technical Analysis The uptrend is valid at spot rates. However, for buyers to stem recent losses, they must break above the descending channel and surge above $6.5, ideally with increasing volumes. Before then, confirmation of yesterday's losses may see Uniswap prices drop to $5.5, an opportunity for sellers to double down. Further dips below this reaction line flashing with the 78.6% Fibonacci retracement level of the November to February trade range may see UNI slip to November lows at around $5. What to Expect from #UNI? Buyers are upbeat, but sellers are adamant, reading from the recent UNI arrangement. As it is, traders remain optimistic, but whether this will pass depends on if bulls will flow back. Comprehensive gains above the descending channel of this bull flag will cement the December to February uptrend. Resistance level to watch out for: $6.5 Support level to watch out for: $5.5 Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
1
UNI Uniswap Labs’ mobile crypto wallet blocked by AppleUNI Uniswap Labs, the firm responsible for the foremost Ethereum-based decentralized exchange (DEX), is purportedly encountering hindrances in its attempts to release a mobile cryptocurrency wallet for iPhone users. As per a spokesperson from Uniswap Labs, despite fulfilling all of Apple's requirements, the company has not granted approval. This recent obstacle reinforces the notion that Apple is a rigid overseer of crypto enterprises' admittance to the iOS platform, and its prohibition of cryptocurrency trading applications that do not employ "an authorized exchange" has faced criticism. Considering also the Double TOP chart Pattern, I now expect a retracement to the next support of $4.95. Looking forward to read your opinion about it.
Short
by TopgOptions
Uniswap: A Decentralized Exchange with High Potential🔥UNISWAP: A Decentralized Exchange Token with High Potential🔥 Uniswap is not just a decentralized exchange but also a solution to the problem of high spreads for illiquid assets. The project aims to incentivize professional market makers to provide liquidity for slow-trading assets. The UNI token, an ERC-20 token on the Ethereum blockchain, is used for governance of the protocol. Currently, there are 762,209,327 UNI in circulation, with a total supply of 1 billion. Once the total supply is reached, Uniswap will introduce a 2% "perpetual inflation rate" to sustain the network. The detailed distribution of UNI tokens can be found on their website. Uniswap: Potential to Surpass Coinbase in Trading Volume In Bitwise's investor letter dated January 11, 2023, one of the largest cryptocurrency asset managers made a prediction about the development of the crypto industry in the new year. Bitwise predicted that Uniswap, the leading decentralized exchange, will surpass Coinbase, the largest US exchange, in trading volume in Q4 2023 and may never look back. The future is decentralized, and Uniswap is already living it. In addition, Uniswap's third version of the decentralized exchange protocol will be deployed on the BNB Chain after the vote by Uniswap users. This potential move could increase the user base and expand cooperation with the Binance ecosystem, potentially increasing TVL by more than $1 billion with the addition of up to 2 million new users. Uniswap's Growth Potential Uniswap has come a long way since its inception in November 2018, becoming the world's largest decentralized exchange by trading volume. But has the project reached its growth limit or does it still have significant potential? 2022 saw many major centralized exchanges going bankrupt, which led to an influx of new users to the DeFi sphere, where Uniswap operates. The trend toward using decentralized exchanges is only gaining momentum, and in 2023, major Layer-2 networks like zkSynk and Base are launching, with Uniswap set to launch its protocol on these networks. Moreover, Uniswap is betting on the development of mobile services, recently presenting its mobile app. The app will allow users to trade on the go, making Uniswap more accessible and convenient. Conclusion 👉 Conclusion: With its innovative solutions to liquidity issues and governance mechanisms, along with its commitment to decentralization, Uniswap has the potential to become one of the most important players in the cryptocurrency industry. Keep an eye on this token! 👀 Uniswap and SP500 Decline: Accumulate UNI Coin at $3.35-$4.20 📉 I must note that Uniswap is currently declining along with the entire crypto market. Additionally, the SP500 is also experiencing a decline, and there is a high likelihood that it will fall significantly in the medium and long term, with a stronger drop than that of 2008. Returning to the UNI (Uniswap) coin, I suggest accumulating it at the established lows of this accumulation corridor. I consider the best accumulation prices to be $3.35 - $4.20. Altcoins have already gone through a similar situation in 2018-2019, with 1-2 years of accumulation followed by 1 year of growth alongside or after Bitcoin. Future of Cryptocurrency Trading: Uniswap and DyDx Leading the Way Amid Tightening Regulations and Bitcoin's Potential $250,000 Price Looking ahead for the next few years 🚀, with cryptocurrency regulations and taxes becoming more prevalent, many people may leave centralized exchanges due to massive account blocks and the inability to prove the source of their funds. For some time, Uniswap and DyDx are likely to lead in trading. However, Ethereum may also face tightening regulations, leading to wallet blocks for USDT, USDC, Ethereum, and other tokens. In such a scenario, anonymous coins such as Monero, Litecoin (mimble wimble), and Bitcoin with the Taproot system could become a new trend. We shall observe. Oh, and in the next couple of years, I expect Bitcoin to reach a price of $250,000 due to high inflation worldwide. 💰
CRYPTO:UNIUSDLong
by UnknownUnicorn285026
✴️ Uniswap vs Tether (Think Long-Term For Success)I have to admit that this is basically the same chart as the BTC pair, UNIBTC. We are looking at Uniswap vs Tether, UNIUSDT. This pair hit bottom in June 2022 with the week closing in a Doji with the highest buy volume ever at the time, then an even bigger volume session/week in August... This is how the market seals the bottom, very strong buying right after the low is hit. A famous investor and trader says that the financial markets are a mechanism to transfer wealth from the impatient to the patient. I tend to agree. When trading spot, just buying Altcoins, any mistake can be corrected through a long-term wait. If you buy a pair expecting a rise and it doesn't happen, waiting can fix any and all mistakes... But if one is impatient, a loss can be sealed by selling lower than the entry point. And the worst experience of all, right after you sell at a loss, prices start to grow. UNIUSDT as its counterpart UNIBTC has been undergoing consolidation for many months after the initial breakout in June 2022. A higher low was hit in November 2022 compared to June. And since the July peak we have over 7 months of consolidation... Think of this, or better yet, look at past history from May 2021 to June 2022. The bearish trend is quite easy to spot. The bear market is quite easy to read, lower highs and lower lows. We have no new lows in almost 9 months... This is the accumulation phase, when whales, smart people, experienced traders and institutions load up on their favorite coins. Once the accumulation phase is over, the next cycle starts to form. The give away is the high buying volume after the June 2022 low and the fact that we have no new lows after 9 months when in the past a new low would be hit every few weeks. We also have an ABC correction, if you saw my Bitcoin Elliot Wave Theory trade idea, you know what follows next. It is a system to transfer wealth from the impatient to the patient, knowing this... What will you do? Buy and hold or jump from pair to pair? My money is on the hold... I am thinking long-term. Think long-term. 1-2 years into the future. Namaste. P.S. When the next bull-run comes we will see new All-Time Highs all across, the amount of growth that we will experience, the numbers, will be much more than anything anybody can imagine at this point.
Long
by AlanSantana
✳️ Uniswap Prepares For A 150% Bullish WaveThis is the technology of the future, Cryptocurrencies. And this is one of the exchanges of the present, Uniswap. This is a pretty nice exchange, the app is neat and works nicely. You can trade many Cryptos without an intermediary, safe and effective. The chart for this pair, UNIBTC is looking really good and talks good about the overall health of the Cryptocurrency market. Let's look at it together shall we? UNIBTC hit bottom May 2022. After this May bottom a bullish breakout took place and this produced a 192% bullish wave. Here is the interesting part, this wave so far has corrected by only 33%, which is perfectly normal for Cryptocurrencies and highly strong. Cryptos tend to correct between 20-35% after a bullish move before continuing higher. The correction took its price to the 0.5 Fib. retracement level and recently we have a double bottom at 0.0002712. Last and very important, it's been more than 7 months that UNIBTC remains at these strong levels after a major breakout... A long consolidation phase. Consolidation phases of this sort can last 1-3 months when the action is hot but since we are looking back to May 2022, the action was pretty bearish back then, in this type of scenario, consolidation can take as long as 8 months... Sometimes less, hardly more. As you can see by these signals, Uniswap is preparing for another jump. Since volume is pretty low, this signals that the real growth, the real action, the real buying, is yet to come. Huge potential here but remember to have a plan if you decide to trade because the pair can break down rather than up... If it breaks down, think long-term, my best decision is always to hold. If it breaks up... No complexities, that's a success, just enjoy the profits on the way up. Enjoy your life. Enjoy your Sunday. Enjoy your rest. This is the calm before the bullish storm. It is about time now... Boost & Follow! Namaste.
Long
by AlanSantana
#Uniswap inside a Rising Wedge, Support At $6.2Past Performance of Uniswap Uniswap prices are within a rising wedge, consolidating, as visible in the daily chart. The uptrend is valid despite bears having the upper hand in the past few days. Still, traders should watch out for how prices perform. If UNI drops below $6.2, there could be more short- and medium-term losses. Conversely, gains above $7.4 and the expanding wedge may pump Uniswap bulls. #Uniswap Technical Analysis UNI is trending, consolidating within an expanding wedge. Overall, sellers appear to be resisting attempts higher. However, with UNI consolidating horizontally, soaking selling pressure, buyers stand a chance. In the days ahead, the primary support lies at $6.2, while resistance is $7.4. Conservative traders can wait for a breakout, aware that losses below $6.2 may see UNI retest at $5. Conversely, any surge above the $7.4 to $7.6 resistance zone may trigger demand, lifting the token to August 2022 high of around $9.6. What to Expect from #UNI? Presently, UNI prices are consolidating inside the expanding and rising wedge. There are clear resistance and support levels. However, since there appears to be accumulation, the best course of action is to wait for a high volume break out in either direction before riding the emerging trend. Resistance level to watch out for: $7.4 Support level to watch out for: $6.2 Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
3