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Uniswapforcast

UNISWAP → Failed to Break Out of Trading Range! Short Again!?Uniswap failed for the 4th time in 19 months to break out of the Trading Range between $4.00 and $7.30. Are we primed for yet another short? How do we trade this? 🤔 If you followed my last Uniswap analysis, there was a great 1:2 Risk/Reward short opportunity on the Daily chart: The initial chart failed to play out and was premature to the rip just above the trading range resistance at $7.30. The price soared to $8.25 then fell back into the range for another failed breakout. The trade from that failed breakout was a success! Now that we're back in the range, we need to wait for another sell opportunity to enter our short position. Zooming into the Daily candles, we need the price to pull back toward the trading range high around $6.90 and have another strong bear candle present itself: We also need to ensure that the RSI stays above 50.00 and ends up below the moving average, giving us proper support of the price action analysis to enter our short trade. Until then, it's best to wait on the sidelines for that setup. 💡 Trade Idea 💡 Short Entry: $6.85 🟥 Stop Loss: $8.55 ✅ Take Profit: $5.150 ⚖️ Risk/Reward Ratio: 1:1 🔑 Key Takeaways 🔑 1. Failed to Break out of Trading Range 2. Strong Bull Bar Closing Near its Low 3. Found Some Support at 30EMA 4. RSI at 54.00 on Moving Average 5. Watch Bitcoins Price Movements at $46,000. 💰 Trading Tip 💰 Trading Ranges are two-legged traps for both bulls and bears. When the price rises toward the trading range resistance in two legs, the bulls expect more but don't get it and drive the price down when their trades are exited. The same goes for the bears in the opposite direction. The probability of profit is higher when longing the bottom of a trading range and shorting the top. In the case of this Uniswap chart, this trading range started after a long bear run, so it's reasonable to have a bear bias and short the trading range until its broken successfully. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and comment if you found this analysis useful!
COINBASE:UNIUSDShort
by TraderEngineering
Uniswap → Down We Go! A Quick Scalp Opportunity Right Here.Uniswap has produced two strong sell signals and is setting its sights on the bottom of the bull channel and previous high of $5.62. We are still in a bull channel, so our bias should remain long. Should we Long or Short? How do we trade this? There is a quick scalp opportunity here. A scalp sacrifices Risk/Reward for Probability . In this case, we have several factors pointing to a pullback to channel support or the previous high at $5.62. Two pin bar bear signals, an RSI below the Moving Average, and Bitcoin failing to break Weekly Resistance. Your position size should be proportional to your maximum loss amount for your account. Because the trade setup is a 1:1 Risk/Reward Ratio, size your position smaller than it would be if the Risk Reward were 1:2. You want to be able to run this trade 100 times and come out with a profit. If the probability of this trade is over 50% and you risk as much as your potential reward, the result is a positive dollar amount, making this a reasonable trade. Trade Idea Short Entry: $6.15 Stop Loss: $6.61 Take Profit: $5.69 Risk/Reward Ratio: 1:1 Key Takeaways 1. Strong bounce back into the Bull Channel. 2. Strong Sell Signal at Bull Channel Resistance. 3. Second Sell Signal at last Bar. 4. RSI near 50.00 and below Moving Average. 5. Short to $5.70. You are solely responsible for your trades, trade at your own risk! If you found this analysis helpful, click the Boost button and let us know what you think in the comment section below!
COINBASE:UNIUSDShort
by TraderEngineering
Uniswap Bull Spike! Are we going back down to $5.70?Uniswap took off like a rocket after making contact with the 200EMA, going from $4.85 to $6.30, a nice 30% rip! We're now approaching the bull channel resistance, will we keep going up? Or will we see a rejection and fall back down to the previous support? How do we trade this? This isn't a reasonable to long or short this timeframe. The gap between the 200EMA and the bull channel resistance has been closed and if we're going to short, we need a sell signal bar and confirmation bar before we enter. RSI is near 80.00, a weak indicator by itself, but supports the other points of this analysis. If the price breaks above the bull channel resistance and shows support, then it may be reasonable to long. Key Points 1. Strong bounce back into the Bull Channel. 2. Price near Bull Channel Resistance. 3. Wait for a sell signal at Bull Channel Resistance. 4. RSI near 80.00, More Down than Up. 5. If shorting, reasonable take profit at $5.70 You are solely responsible for your trades, trade at your own risk! Let us know what you think in the comment section below!
COINBASE:UNIUSDShort
by TraderEngineering
Uniswap: Early Bird 🐦🪱The early bird catches the worm, which is why Uniswap should get it going to make the climb above the resistance line at $9.82. Once the coin exceeds this mark, the ascent to the turquoise target zone should be a piece of cake. Ideally, the course finishes the turquoise wave 4 near the $16-mark before heading downhill. Facing a correction that pushes the coin below the $9.82-mark, we're expecting further pulses South until the green wave places its corrective low below the $3.33-mark. After completion, the course should turn back up and aim for an upwards trend in the longterm. In our alternative scenario, there is a probability of 20% that Uniswap won't make the climb to fulfill the turquoise wave 4, which would speed up the corrective low of the green wave alt. .
BINANCE:UNIUSD
by MarketIntel
1
UNISWAP the last chance (bottom) and the range market 📖💡👌Hello 🐋 Based on the chart, the price is close to the major support (bottom) or better to say the previous zone that started its amazing pump to the upside ✔️ we expect to see gain besides the range market is acceptable scenario too 📖💡🚀 and if the price break the rang area to the upside, we will see more gain 🚀 👌 Notice: pay attention to the price on shortcut chart (located above the main chart with black colour) 📖💡 Please, feel free to share your point of view, write it in the comments below, thanks 🐋
COINBASE:UNIUSDLong
by MadWhale
2
UNI (Uniswap) Token Analysis 20/03/2021Fundamentals: Uniswap is a popular decentralized trading protocol, known for its role in facilitating automated trading of decentralized finance (DeFi) tokens. An example of an automated market maker (AMM), Uniswap launched in November 2018, but has gained considerable popularity this year thanks to the DeFi phenomenon and associated surge in token trading. 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. Uniswap creates more efficiency by solving liquidity issues with automated solutions, avoiding the problems which plagued the first decentralized exchanges. In September 2020, Uniswap went a step further by creating and awarding its own governance token, UNI, to past users of the protocol. This added both profitability potential and the ability for users to shape its future — an attractive aspect of decentralized entities. Uniswap exists to create liquidity — and therefore trading and the value that trading provides — for the DeFi sphere. One of the major AMMs in operation at present, the protocol functions using a formula for automated exchange — X x Y = K. Founder Hayden Adams describes himself as the inventor of the particular implementation of the formula on Uniswap. Uniswap is not just a decentralized exchange; it attempts to solve the issues that platforms such as EtherDelta experienced with liquidity. By automating the process of market making, the protocol inceventizes activity by limiting risk and reducing costs for all parties. The mechanism also removes identity requirements for users, and technically anyone can create a liquidity pool for any pair of tokens. According to Uniswap, their governance token (UNI) was created in order to “officially enshrin Uniswap as publicly-owned and self-sustainable infrastructure while continuing to carefully protect its indestructible and autonomous qualities.” 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. Adams has also said that the original inspiration for the Uniswap platform came from one of Buterin’s own blog posts. His original idea to focus on Ethereum came after a friend convinced him to begin researching and understanding the protocol in 2017. Current Fundamentals: The live Uniswap price today is $34.22 USD with a 24-hour trading volume of $888,258,314 USD. Uniswap is up 15.36% in the last 24 hours. The current CoinMarketCap ranking is #8, with a live market cap of $17,858,908,377 USD. It has a circulating supply of 521,835,076 UNI coins and a max. supply of 1,000,000,000 UNI coins. The top exchanges for trading in Uniswap are currently Binance, Huobi Global, Upbit, OKEx, and BitZ. You can find others listed on our crypto exchanges page. Technical Analysis: the price is Rallying in a wedge and there are some retracement chances too but there exist a Hidden Bullish Divergence with MACD which is the sign of trend continuation. overall we are bullish on this Token and there are 3 Targets defined in case of Price Retracement to Fibonacci retracements 61.8% then we can target 2 TP in case of Direct Rally to the 2TP followed by some Nominal Retracement and Price Correction then the 3 TP gets Confirmed.
Long
by BitonGroup
8
UNI/USD SYMMETRICAL TRIANGLE 4 HOUR CHARTHello people! UNI/USD Chart a Potential Symmetrical Triangle. I think UNI could make the breakout to the upside as volume is also decreasing, the calm before the storm is coming. I will open a small long position here as soon as the breakout starts and is confirmed I will increase my LONG position and a little below the target profits take 70% and 30% continue to run with SL in profit as it can also be a higher breakout. Registration link for PHEMEX EXCHANGE: phemex.com Registration link for BINANCE EXCHANGE: www.binance.com Registration link for IMBA EXCHANGE: imba-exchange.co YOUTUBE CHANNEL from EGALITE: www.youtube.com Homepage: egalitesignals.com EGALITE
Long
by IDDTrading
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!
by P_S_trade
23