Get started

Uniswaptoken

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's next move after the triangle pattern breakout?Uniswap token has been continuing its downtrend below the descending trendline since early February. Despite the bearish trend, the UNI token gained 7.20% of its gain this week. At the end of February, the nature of the Uniswap token was highly volatile, but the liquidations have been gradually decreasing over the past several days. Amin of low liquidations, the token has gained 22% trading volume in the last 24 hours. Furthermore, the volume to market capitalization ratio is 0.3341. Today, UNI investors are getting prepared to reach into the red zone of the Ichimoku indicator in terms of the daily price chart. But at the time, bulls are getting rejected from the leading span A (at $8.9-mark). Above the leading span A, the next bullish hurdle will be leading span B. Stoch RSI has taken support near 20-level and bounce-back. It is seeing bullish signals for the Uniswap token relative to the daily price chart. Furthermore, the Average Directional Index is at 21-point, which suggests a sideways momentum for the UNI token. The range of the descending triangle pattern is getting narrower day by day, so possibly the Uniswap token is about to give a directional trend signal. Buyers have a great chance to push the price of the token higher. Support level - $8.0 and $6.5 Resistance level - $10 and $20
by TheCoinRepublic
UNI - when will this decline stop? UNI, like the entire cryptocurrency market, has adjusted a lot. The price was down as low as $13 at one point. It is worth highlighting that there is a lot of volume at the bottom and this is at least a good signal for local growth. In any case, the market has cleared a lot of futures positions and the situation in terms of fundamental and technical picture is starting to come back to normal. A false break of the $13 level or a breakout of the local trend line could be a good buying opportunity. 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.
Long
by Yuriy_Bishko
2
UNIUSDT Daily TimeframeSNIPER STRATEGY (new version) It works ALMOST ON ANY CHART. It produces Weak, Medium and Strong signals based on consisting elements. NOT ALL TARGETS CAN BE ACHIEVED, let's make that clear. TARGETS OR ENTRY PRICES ARE STRONG SUPPORT AND RESISTANCE LEVELS SO THEY CAN ACT LIKE PIVOT POINTS AND REVERSE THE WAVE (or act like a mirror that can reflects light) BASED ON STRENGTH OF THAT LEVEL. ENTRY PRICE BLACK COLOR MOST PROBABLE SCENARIOS TARGETS GREEN COLOR LEAST PROBABLE SCENARIOS TARGETS RED COLOR TARGETS ARE NOT EXACT NUMBERS THEY ARE MORE LIKE A ZONE. DO NOT USE THIS STROTEGY FOR LEVERAGED TRADING. It will not give you the whole wave like any other strategy out there but it will give you a huge part of the wave. The BEST TIMEFRAMES for this strategy are Daily, Weekly and Monthly however it can work on any timeframe. Consider those points and you will have a huge advantage in the market. There is a lot more about this strategy. It can predict possible target and also give you almost exact buy or sell time on the spot. I am developing it even more so stay tuned and start to follow me for more signals and forecasts. START BELIEVING AND GOOD LUCK HADIMOZAYAN
Long
by hadimozayan
7
UNIUSDT , We should BUY Uni because ...Hello everyone I hope you had a good week In here we have one the complicated chart , because of the movement of the whale , it was hard to find out correct structure for analysis In here our downward trend was finish in days ago and this time we need only the pullback finish then we take long position and buy and wait until the target will reach In buy zone area we think it will be finish the pullback and then with signal from market we can take our position , Dont forget STOP LOSS UNI recently added to investment portfolio of Grayscale , this means it will go to moon very soon The fundamental reason about UNI is powerful because this is the first Exchange in Defi that have the biggest money transfer and trades in Defi, Because of the whole reason i wrote it we should have some of Uni in our portfolio Ask us if you have any question Good Luck Abtin
Long
by Abtin00