UNIUSDT trade analysis on daily timeframe. What comes next ?After recent market slump, uniswap is trying to recover and break the resistance 1 at around $28, in order to move towards next resistance level at about $34.
It has tried to break resistance 1 two times previously, but failed and if it fails for the third time it might go lower and land on the 200 day EMA which might act as a support.
However, 20 day EMA has crossed down 50 day EMA which shows a bearish sign, but that might also have happened due to a lot of volatility in the recent days in almost every market. If the 20 day EMA manages to cross over 50 days EMA, that's a good sign which might lead to a price reversal.
Also, MACD is currently in negative territory which might get positive if the support level holds.
If this immediate support level holds with good volume, we might see an uptrend soon, else the third attempt to break resistance may fail and it could go much lower.
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Uniusdt
DOT: Parachains Launch June 15th July PT $80We have very significant news to report today - as I'm sure most of you are aware but the Parachains Auction schedule has officially been announced as I said would happen by early June!
The first auction is set to receive bids on June 15th. The full auction schedule of the first 5 parachains is per below:
The schedule can be found right below:
2021/06/15, 12:00 GMT: First Kusama Parachain Slot auction commences. Bids may be placed.
2021/06/17, 09:00 GMT: First Kusama Parachain Slot auction ending period begins. Only bids made prior to this point will certainly be considered in the final result. Bids made following this point have a linearly reducing chance of being considered.
2021/06/22, 09:00 GMT: First Kusama Parachain Slot auction bidding ends. No bids may be made on this auction following this point.
2021/06/22, 11:00 GMT: First Kusama Parachain Slot auction winner selected. The auction winner is determined as the highest bidder at some randomly selected point over the past five days.
2021/06/22, 12:00 GMT: Second Kusama Parachain Slot auction commences.
2021/06/29, 12:00 GMT: Third Kusama Parachain Slot auction commences.
2021/07/06, 12:00 GMT: Fourth Kusama Parachain Slot auction commences.
2021/07/13, 12:00 GMT: Fifth Kusama Parachain Slot auction commences.
medium.com
This is the most significant news of any crypto project in 2021 - more significant than ETH's EIP-1559 and ETH 2.0 (next year). Parachains on the DOT ecosystem is a scale shift in magnitude as this will bring DOT's processing power from 1K TPS to 100K TPS. This is even faster than Visa's top end estimates of 40k TPS. A fully decentralized blockchain faster than a centralized mega-corporation.
As per the chart my PT for DOT is still $80 by July.
DOT has 2 Exchange Traded Products (ETPs) - one in Switzerland and one just launched in Sweden - and it is my opinion that these were strategically launched prior to Parachains rolling out so institutional smart money could buy before the big rise in price. Fasten your seatbelts DOT is about to melt faces along the way.
Current Trading
DOT is currently in the Golden Pocket 0.618 Fib zone and this is the perfect time to accumulate (golden box). DOT also tested the 0.618 Fib Line (at $20.97) all day yesterday on June 8th and performed well by recapturing it as support.
Uniswap (UNIUSDT) bullish inverse head and shoulders!UNIUSDT is testing the neckline of the inverse head and shoulders pattern at $24. Bitcoin has already broken out of the inverse head and shoulders , so lets see if Uniswap can follow. A break above $24 with good volume could be a good place for a long. That said, right now there is the 200MAs serving as resistance, so price needs to break through that; failure to do so could send prices lower and invalidate the inverse head and shoulders bottom breakout setup.
As always, I’m not a financial advisor, do your own research, and stay safe!
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UniSwap sell at $30.UNIUSDT - Intraday - We look to Sell at 29.29 (stop at 30.88)
Daily signals are mildly bearish.
Trading close to the psychological 30.00 level.
Pivot resistance is at 30.00.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
We look for a temporary move higher.
Preferred trade is to sell into rallies.
Our profit targets will be 25.26 and 24.26
Resistance: 28.00 / 30.00 / 32.00
Support: 25.00 / 23.50 / 21.50
Weekly Swing Trade - Long UNIUSDLong UNIUSD -25.8933
Stop Loss - 21.078
Take Profit - 35.523
Hold for about a week, close out in 3-4 days if trade goes in your favour and price has started idling.
If price has moved against you, but has not hit SL, leave the trade open unless you need the cash for another trade.
UNI, Uniswap - buy only after that👇🏻The coin didn't show growth after the last BTC growth yet. We have a clear local resistance line 28,87. But I think it's not the safest place for buying. Only after breakout second resistance line and retest, I'll buy a position. As always with SL.
Write in the comments all your questions and instruments analysis of which you want to see.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
ALTCOINS Following Fractal from Previous Dump IdenticallyThis is bullish for a re-gearing of the crypto market back onto bullish trajectories. This 51% selloff in BTC and larger selloff in alts is following this fractal pattern beautifully - Expect some days to be choppy, but all in all, up and to the right.
As you can see we're about to have a bullish cross on the Daily MACDs and we are testing resistance on the Daily EMA ribbons.
We just had a bullish cross on the 4H EMA 20 coming above the EMA 55. The 1H EMAs are all bullish now. Crypto is staging its next assault.
Which is why you should be stocking up on the MOST fundamentally sound projects with near-term catalyst like DOT. DOT is my favorite token at this moment. Please see my analysis here on recent happenings in DOT and its ecosystem:
DOT Breaking Out of Pennant - Upside $33 - W Pattern formed!DOT has so many bullish news items going on atm that it's hard to keep up (link below to read about them).
Currently DOT is breaking out of the symmetrical pattern (dark purple lines) with high volume and an upside target of $33.
DOT has magically formed a W pattern as well inside of the pennant which is bullish as well and provides further confirmation of upside breakout.
Daily MACD inked a bullish cross and shows further upside bullishness!
DOT: Parachain Timing, and Bullish TA "W" Pattern FormedDOT currently has printed a bullish "W" pattern which would bring it to the $$35 range based on TA alone. Additionally, we have broken out of the downtrend line and are printing more bullish day by day on the EMAs and MACDs. We will get a bullish daily MACD cross by the time today's candle closes imo. This should hopefully bode well for a "W" breakout to the upside.
Additionally, we have a little more clarity on DOT's fundamentals.
Update on timing with the first Auction to go Live on $DOT
1) As you know Kusama will be first to launch parachains then once stable and the first 5 auctions launch on Kusama (DOT's sister network), the first parachain auction will go live on $DOT by end of July.
Source: www.reddit.com
2) DOT will go live with its first parachain auction by July considering Gavin Wood mentioned that KSM parachain auctions would 'now' launch every 7 days instead of every 2 weeks . Let's see but this is MUCH sooner than what every article is writing "at end of year" and means that most are completely assuming 'end of year' as the first parachain auction meaning none of the benefit is priced in and you're buying at a truly historic discount (see how low in the pitchfork you are buying compared to the projected path) before one of the greatest upgrades in crypto and tech history goes live.
Parachains will run at 100k TPS and scale to 1M TPS with additional parachains and parathreads... this is even faster than centralized organizations like VISA which has a max of 50-60k TPS. Gavin is a pure genius.
DOT: Continued Bullish Technicals on Daily Close above $23!!!!In the previous livestream I uploaded earlier today, I spoke about how if DOT closed above $23 on a Daily TF that it would be bullish for future price action - the reason being is that we had a higher TF daily close on February 8th at the $23 level.
We are trading inside the Golden Pocket currently and will have a bullish cross in the daily MACDs in the next 24 hours - additional bullish confirmation for DOT. Our immediate next PT will be $28 then $31.
Once we start closing above the EMA ribbons on a daily timeframe - it's see ya later alligator time in DOT.
Lastly, we are 1 step away from the auctions going live on the DOT parachains. We will likely hear something in the next 48-72 hours regarding this most intriguing update and once the 7 day unstake period is announced, auctions will go live and we'll see DOT head into Price Discovery mode.
DOT: TA Looking Really Bullish before Parachain AuctionsDOT: Looking very bullish after establishing the higher low and breaking out of the downtrend line currently - look for the retest into the purple box zone to ladder your big buys if you haven't bought into DOT yet
DOT is launching parachains any day and when it does EVERYONE will be talking about it. DOT feels eerily similar to ETH when ETH was trading at $20 in 2017 before their major technological awakening .
The only difference is that DOT is lightyears ahead in terms of tech with a TPS in the range of 100k scaling to 1M as more parachains rollout all on their native blockchain without layering solutions! It really is a revolutionary change in technology.
This is currently the project I'm the most bullish on atm - do not miss this opportunity - you are getting a buy of a lifetime here at a discount.
Once news of parachains and the auctions schedule hits the wires - DOT will head quickly back to its ATH at $50... in the following days and weeks as they actually launch the auctions - DOT will head to $80
Technicals
DOT is looking really strong here after the established higher low and is gearing up for a trendline break which is yet another bullish momentum to carry it further to the upside. Lastly we are about to get a bullish cross in the MACDs and combined with the fundamental news - this couldn't be a better time to buy imho.
UNI - 4h. Strong Token Prepares for 30% GrowthIn very different ways, altcoins have experienced a massive wave of declines in the crypto market. Some strong projects did not fully meet the expectations of investors and showed a weak rebound in prices after May 19. Today we are going to talk about Uniswap (UNI) . As we can see on the chart, buyers managed to quite aggressively respond to sellers on their downward wave. Of course, like all other coins, the price of UNI fell by 70% , which is considered an average. However, if we look at the UNIUSDT chart today, we see that buyers are very interested in this token. It is also perfectly visible on the daily timeframe:
Please note that for two days the sellers are trying to force their game on the UNIUSDT market. However, buyers are actively buying back every UNI fall and do not allow the price to enter the important liquid range of $ 21-23.
The secret of this coin's success is in its chart paired to BTC. The thing is that UNIBTC is one of the few charts among crypto coins that shows a rise or at least a stop in price:
Globally, UNIBTC buyers were able to keep the price within the black channel. This was a good signal for the return of capital to the UNI market. With this in mind, we would choose this coin for a potential upside trend as a strong one. However, no more than 30% of the price movement. The growth target is the range of $34-36.
P.S. Our global UNI idea:
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DOT: Parachain Auction Est. Launch Date 1st Week of June PT: $78PolkaDot is launching their vaunted and long-awaited parachain on Kusama (KSM) any day and literally 1 hour ago on the Kusama Reddit page , the Kusama dev team released an update showing great progress further confirming Gavin Wood's previous estimated launch date of parachains when he wrote in a May 17th Medium post that they were mere "days" away from full launch.
www.reddit.com
Many DOT buyers have been frustrated that the launch has taken this long but not to worry this is a very definitive time schedule as you will notice on the reddit page that they have a set of check boxes they've created as steps before the last unticked box is completed. As you can see 95% of the steps are completed and there are just a couple boxes that need to be checked off - 2 of the boxes are essentially the same "Determine Auction Schedule" and "Publish Auction Schedule".
But alas! We're here and if you haven't bought DOT yet, you may want to do so b/c this is a near-term fundamental catalyst that NO ONE is talking about and the entire dev team at DOT is silent on the socials as they are hard at work.
And of course in the chart, the launch date will determine the parabolic rise in price - so for example if the launch occurs a little earlier than expected, say next Monday, then we will see a spike then - if it takes a little longer, say June 5th, then expect the price to rise then... the point is that we are within a few days of something magnificent happening in the PolkaDot ecosystem that has will mark the final step of its full main-net launch and then the first 100 projects to stake 1 million DOT will be determined.
DOT: MA Indicators 1st time turning bullish since Selloff Began!DOT's short-term MA indicators on 1H timeframe using the SMA20, SMA34, and SMA55 have for the first time turned bullish since May 19th when the selloff began - DOT is also printing outside of the descending wedge pattern which is bullish and additionally testing the Inverse H&S pattern it has been printing for last few days since selloff.
The descending wedge pattern - which is a trend reversal indiactor - has a price target to the "B" point top which would be near $49 ... Lastly DOT did print a Hash Ribbons Buy signal on May 17th as well, this signal is still active until another hash ribbons process begins. I haven't seen this many bullish indicators line up all at once before in a coin - several other coins also have the same bullish pattern MA indicators bullish + Inverse H&S + Hash Ribbons Buy Signal... the confluence upside is big here
BTC Currently Printing an Inverse H&S - Upside PT $49kIf confirmed the upside breakout PT will be $49k, currently near neckline now. Nearly all major coins are printing this same pattern on 1H candles atm.
This pattern typically plays out after a selloff as well. Here's the technical definition:
The inverse head and shoulders pattern begins with a downtrend. This is the extended move down that eventually leads to exhaustion and a reversal higher as sellers exit and buyers step up. That downtrend is met by minor support, which forms the first shoulder. As the market begins to move higher, it bounces off of strong resistance and the downtrend resumes. This resistance level forms what is called the neckline.
After the market makes a lower low, it finds strong support which forms the head of the pattern. The market finds resistance at the neckline once more, which forms the second shoulder. At this point the inverse head and shoulders is taking shape but the pattern isn’t confirmed just yet.
The Breakout
One area where a lot of traders go wrong is thinking that the pattern is confirmed as soon as the second shoulder forms. Although the pattern begins taking shape at this stage, it isn’t confirmed until the market closes above neckline resistance.
DOT: Something like thisCould play out this way - DOT is currently in a descending wedge which is a reversal pattern and on the 1H timeframe is inside an Inverse H&S - which combined with the descending wedge means we should rise back to the previous local highs if everything plays out accordingly.
TP1 $53