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UNIUSD

UniSwap Price Forecast: UNI Awaits Ultimate Liftoff To $5 UniSwap looks forward to a descending wedge pattern breakout to $5.00. UNI/USD is holding above the 21 SMA while the upside is capped under the 50 SMA. UniSwap has been on a downward roll since September after its bullish scenario was cut short by resistance at $5.60. The price has continued to narrow within the confines of a descending wedge pattern. This pattern forms whenever the value of an asset has been falling over a period of time. Breakouts can either be up or down, however, falling wedge patterns tend to signal an incoming bullish breakout. Note that to properly trade this pattern, the trader must employ other technical indicators. At the time of writing, UNI is trading at $4.28 after suffering another rejection at the descending trendline as well as the 50 Simple Moving Average (SMA) in the hourly range. The price is immediately supported by the 21 SMA. Looking at the Relative Strength Index (RSI), UniSwap is likely to continue exploring the levels towards $4.00. It is essential that support in the range between $4.2 and $4.3 is defended at all costs. According to IntoTheBlock, this is the strongest support zone. Here, 9,600 addresses bought 20.4 million UNI. If this level zone is shattered, UNI will extend the bearish leg to $3.50. On the other hand, a bounce from the support will have the potential to push the price out of the wedge. A breakout from the wedge will place UNI on the path to $5.00. Closing above the 50 SMA is particularly vital to the bullish case because it will add credence to the breakout. Traders must keep in mind potential resistance zones at $4.60 and $4.80, respectively. UniSwap Intraday Levels Spot rate: $4.30 Percentage change: -1.82% Relative change: -0.08 Trend: Short term bearish bias Volatility: Low
BINANCE:UNIUSDLong
by CoinGape
1
Failed breakout - watch out if THIS level of support breaks The current situation: 1. The price action previously failed to break out of the ascending triangle that was in (see my previous posts) and now it looks bearish as a head and shoulders pattern is more apparent on the 1HR chart. The price action has also broken below the 4HR 21MA and now the moving average that is acting as support is the 6HR 21MA. This is also at about the neckline of the head and shoulders pattern, with a measured target of about 3.8 USD The bullish case: 1. The price action bounces off the 6HR and retry the resistance at about 5.25 USD The bearish case: 1. Price action breaks below the 6HR 21MA, under which the next level of support is the 0.786 FIB level at about 4.35 USD *Let me know in the comment section if you agree or disagree, would love to hear your ideas too. *These are purely my speculations and not financial advice. You should always do your own due diligence before trading or investing.
COINBASE:UNIUSDShort
by CryptoRush_
Failed breakout but another retry looks to be on the wayThe current situation: 1. Yesterday, 9/24, price action attempted to break out of the ascending triangle as shown but had failed and got rejected at about 5.55 USD. Now it has retreated back to the 1HR 50MA at about 5 USD as support and the bottom trend line is now adjusted for a bigger ascending triangle. If price action breaches the 1HR 50MA, the next level of support is the 4HR 21MA followed by the 6HR 21MA. A complex head and shoulders pattern also apparent on the 1HR chart, so this should be paid attention to in case the bulls do not hold up the price. Looking at the price action from the 6HR chart, this is still appears to be a bullish setup as price action broke the 21MA and now is retesting it as support. The resistance to break is still the FIB level at about 5.25 *Let me know in the comment section if you agree or disagree, would love to hear your ideas too. *These are purely my speculations and not financial advice. You should always do your own due diligence before trading or investing.
COINBASE:UNIUSDLong
by CryptoRush_
3
UniSwap UNI pumping, Elliot Wave countBullish scenario This is my elliot wave count of the latest pump of this coin. I expect one more big wave to the upside before correction. The drawn trend-line must hold for continuation. If trend-line breaks, then it is recommended to sell if you trade this coin, if you hold then holding should be good as this coin can go much much higher. This coin is good ponzi i think. If you like this technical analysis, please hit the like button and do not forget to follow me for more of these ideas!
Long
by UnknownUnicorn2537518
3
UniSwap UNIUSDT - double bottom reversal patternThis channel is really nasty and steep. I did Elliot Wave count and i cannot help myself, there is still one wave (5) missing to the downside. I expect a double bottom trend revesral pattern, the price could make a new low to wipe out stop losses, but not significantly. Please let me know in the comment section, if you have some better ideas. After this, ABC correction should be finished on 0.618 FIB retracement on LOG scale. Then i expect a trend reversal at least temporarily to 6.2 USD or to a new all time high, it is hard to predict now. We need more data later. For now i think it is better to not short this coin. Ripple looks so bearish and Link also... If you find this technical analysis interesting, then you should definitely hit the like button and follow me for more of these ideas!
Long
by UnknownUnicorn2537518
1
$UNI. 4h. Long from $3.35 with a goal of $7.What is UNI. It is a token created by the UNISWAP decentralized exchange to manage this project. It was this token that was able to return Uniswap to its former glory in the DeFi space, after the separation of the Sushiswap project. At the moment, DEX Uniswap is in first place in terms of the amount of locked funds (almost $2 billion). In addition, we think that it was the issue of this token that was able to keep ETH when other coins were safely falling. The UNI token operates on the Ethereum blockchain, and emission was 1 billion UNI. 60% of the total is distrib uted in the Uniswap community, 21.51% - between team members, 17.80% - between investors and 0.069% - advisers will get. In general, a very speculative coin for those who love X from the air. Now the long looks pretty tasty from $3.35-3.4, with a short 5% stop. Take profit is x2 in the range $7, and there it will be necessary to look back. And then either short to $4.2 or long to $10-10.5. We will update the next likely price movement in ideas, so subscribe to us! ___________________________ Since 2016 , we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each " like under the idea" boosts the level of our happiness by 0.05% . If we help you to be calmer and richer - help us to be happier :)
Long
by P_S_trade
2
UNISWAP soon ready for BULLISH MOVE - (Near Demand Zone)#UNISWAP TA Update:- 1. #UNISWAP now trading at 73098 sats, and converging into a falling wedge. Falling wedge ends with a Bullish move. So 1st Confirmation is Falling Wedge. 2. Also UNISWAP is approaching Demand Zone which is at daily support. The daily support level at 29552 is going to be tested 1st time, so 90% chances are the rejection. 3. There is a Volume Divergence. Price is decreasing but there is no Selling volume, indicates the weak hands are selling but the whales are accumulating slowly. Also, downtrend must be supported with large volume. Since there is less selling volume, so there are high chances that UNISWAP is going to Move upward from Demand Zone. Daily Support: 29552 (Demand Zone) 4h Support: 21503 (Below That You can put Stoploss or Average Out In worst Case) Confirmation For Uptrend: Falling Wedge ----- Approaching Demand Zone ----- Volume Divergence Always implement Risk Management. Don't Invest All. Invest 10-15% of capital, then in case price dumps, invest rest 10% to average out. For averaging out, put orders atleast 15% below your buying price to properly average out. Thanks. Please give a like to this post. Thanks.
Long
by SmartMaxi