UNI sent BACK TO PRISON 🦄⚔📉Hi Traders, Investors and Speculators of Charts📈
UNI has dropped hard after a decent increase, taking the price back to accumulation level lows.
Losing ALL THREE moving averages in the daily is bearish for the short term :
This however presents an excellent opportunity for traders to re-accumulate at low prices before the next bullish impulse wave begins.
According to Eliot Wave Theory; as long as wave 2-3 does not retrace beyond wave 0-1 the cycle can still be considered bullish. Meaning, IF we drop any lower than the current point, we'll no longer be able to consider the price as bullish.
The WHITE lower trendline may be an indication of a buy zone:
I'm labeling this post as "long", not because I am taking a leveraged long but because the price is re-entering the accumulation zone/ buy zone (SPOT).
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CryptoCheck
BINANCE:UNIUSDT
Uniusdt
Uniswap's Rollercoaster: Next Stop, New Highs?Similar to other cryptocurrencies, Uniswap presents a scenario where we're concluding Wave 3 and now developing Wave 4. This Wave 4 is expected to retrace between 38% and 50%. We're setting our stop-loss below the level of the subordinate Wave ((iv)), to accommodate the possibility of this level being revisited without being stopped out. The upward trajectory remains unclear, as we await the completion of Wave 4. However, like with others, we anticipate surpassing the level of Wave 3, aiming for a maximum of $25.28 with Uniswap
Chinese Asset Managers Ready to Adopt Spot Bitcoin ETF
Bad news for investors hoping the Federal Reserve will cut interest rates aggressively: The CPI jumped 3.5% in March year-over-year, an increase from February's 3.2% YOY jump and above expectations of 3.4%. Bitcoin (BTC) initially dipped below $67,500 after the CPI release, before clawing back losses to end the day positive and appearing ready to retest the $70K level again.
BTC price see-saws as halving event approaches: BTC price action remains choppy as we approach the Bitcoin halving, which is estimated to take place April 20th. Some investors believe there is too much optimism priced into Bitcoin, and we could see a correction in the days before and after the halving.
Chinese asset managers ready to adopt spot BTC ETFs: Spot BTC ETFs are likely set to launch in Hong Kong later this month, with the first approvals potentially coming as early as next week. Among the applicants are some of China's largest asset managers. These will mark the first spot BTC ETFs in Asia.
DeFi crypto company says SEC is suing them: Uniswap Labs said in a blog post Wednesday that the SEC has notified them it will pursue legal action against the company. Uniswap is a DeFi platform that allows users to trade cryptocurrencies peer-to-peer without a centralized exchange.
TON Price Surges After Distribution Announcement: Toncoin (TON) broke into the top 10 cryptos by market cap this week for the first time after reaching a new all-time high above $7. The surge comes on the heels of a big announcement from the Ton Society, a group of engineers and developers dedicated to growing the TON network.
⏳ Topic of the Week: What happens after the Bitcoin halving?
👉 Read more here
Alikze »» UNI | Pullback to broken structureIn the daily and weekly time, a motivational wave has taken place after the break of the dynamic trigger, which has been extended to the area of the weekly supply of this wave after the pullback.
🔰 Currently, after the failure of the area, there is a correction that this correction form can be in the green box area, after completing it, it can retest the supply area, which in case of failure can continue until the next area of the supply area.
🔰 If the green box is broken, this correction can continue up to 0.50 fibo of the previous wave, which can touch it if the next area continues.
Therefore, according to the correction structure, this form can continue up to the green box area after an upward correction.
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📈UNI Spot Buying Entry Analysis🛒🔍Today, let's analyze UniSwap (UNI) focusing on the daily timeframe for spot trading, aiming to identify optimal entry points for buying.
📈After a sharp upward movement towards resistance at $15.402, UNI initiated a correction, extending to the 0.5 Fibonacci level, where price reacted twice.
✨A closer examination reveals a descending triangle formation approaching its apex. Upon breaking the triangle's support line, a short position opportunity may arise. However, caution is warranted as breaking the support enters the golden Fibonacci ratio zone, likely prompting significant reactions.
🛒For spot buying, patience is key, waiting for the trend to break and confirm above $12.964, which would serve as a consolidation trigger for a logical spot purchase.
🐢For those seeking more certainty, waiting for price confirmation above $15.402 before entering a buy position is advisable.
A concern arises from declining volume, indicating diminishing interest in UNI. Healthy volume is crucial for sustained price movement, whether upward or downward.
✅As for targets, considering the area around $22.718 could be prudent. Upon reaching this level, decisions regarding profit-taking or holding can be made based on price reaction.
📝Overall, UNI presents potential entry opportunities for spot buying, contingent upon price confirmations and volume considerations. Vigilance and strategic decision-making are essential in navigating UNI's current chart dynamics.
🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2
UNI/USDT - Uniswap: Trend Reversal◳◱ On the $UNI/ CRYPTOCAP:USDT chart, the Trend Reversal pattern suggests indications that the trend may be gaining or losing strength. Traders might observe resistance around 12.758 | 14.116 | 16.637 and support near 10.237 | 9.074 | 6.553. Entering trades at 11.517 could be strategic, aiming for the next resistance level.
◰◲ General info :
▣ Name: Uniswap
▣ Rank: 23
▣ Exchanges: Binance, Kucoin, Bybit, Huobipro, Gateio, Mexc
▣ Category/Sector: Financial - Decentralized Exchanges
▣ Overview: Uniswap is a decentralized exchange built on Ethereum that utilizes an automated market making system rather than a traditional order-book. Instead of matching individual buy and sell orders, users can pool together two assets that are then traded against, with the price determined based on the ratio between the two.
◰◲ Technical Metrics :
▣ Mrkt Price: 11.517 ₮
▣ 24HVol: 15,682,647.271 ₮
▣ 24H Chng: 2.183%
▣ 7-Days Chng: -7.20%
▣ 1-Month Chng: -18.85%
▣ 3-Months Chng: 91.69%
◲◰ Pivot Points - Levels :
◥ Resistance: 12.758 | 14.116 | 16.637
◢ Support: 10.237 | 9.074 | 6.553
◱◳ Indicators recommendation :
▣ Oscillators: BUY
▣ Moving Averages: BUY
◰◲ Technical Indicators Summary : BUY
◲◰ Sharpe Ratios :
▣ Last 30D: -3.46
▣ Last 90D: 2.39
▣ Last 1-Y: 1.03
▣ Last 3-Y: 0.21
◲◰ Volatility :
▣ Last 30D: 0.85
▣ Last 90D: 1.35
▣ Last 1-Y: 0.91
▣ Last 3-Y: 1.08
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.59 - Bullish
▣ Reddit sentiment score is 0.77 - V. Bullish
▣ In-depth UNIUSDT technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
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#UNI/USDT#UNI
We have a bearish channel on a 4-hour frame, the price moves within it and adheres to its borders well at this price.
We have a fundamental support area at $10
We have a higher stability moving average of 100
We have a downtrend on the RSI that is about to break higher
Entry price is 11.16
The first goal is 11.96
Second goal 14.16
Third goal 16.00
UNI looks bullishUNI looks to be inside the bullish wave C. The degree of this wave is big and it is expected that this wave will continue for months.
The SWAP range is the right place for buy/long positions.
The targets are clear on the chart. Note that these targets are medium term.
Closing a daily candle below the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Uni Fake Breakout of trend line ! Be aware ! UNI has been trading in a clear uptrend on the 4h timeframe. The price has been respecting the ascending trendline and making higher lows. However, the price is now approaching a strong resistance level at $13.
The ascending trendline:
The ascending trendline is a bullish pattern that is characterized by two converging trendlines, one connecting lower highs and the other connecting higher lows. The price typically breaks out above the upper trendline, signaling a continuation of the uptrend.
The resistance level:
The resistance level is a price level at which the price is likely to stop rising and start falling. This is because there are a large number of sell orders at this level.
The fakeout:
The fakeout is a bearish pattern that is characterized by a sharp increase in price, followed by a quick reversal and fall. This pattern is often used by large market participants to trap retail traders and acquire liquidity at higher prices.
The bullish scenario:
The price breaks out above the resistance level at $13 and continues to rise. The first bullish target is $20.
The bearish scenario:
The price fails to break out above the resistance level at $13 and falls back to the trendline. The price then retests the trendline and breaks down below it, signaling a reversal of the uptrend.
Conclusion:
The UNI chart shows a bullish pattern. The price is approaching a strong resistance level. The outcome of this level will determine the future direction of the price. Investors should always do their own research before investing in any cryptocurrency.
UNI is moving along the channelUNI is moving along the channel.
🔵Entry Zone 12.230 - 12.467
🔴SL 11.291
🟢TP1 13.387
🟢TP2 14.798
Risk Warning
Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.
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UNI/USDT descending channel assessing key resistance? 🚀UNISWAP 💎 Paradisers, pay attention as #UNIUSDT showcases an intriguing move. Following a descending channel, it's recently broken above and is now testing a critical resistance at $12.763. A successful breach of this resistance could significantly boost its chances for a bullish journey past this barrier.
💎 Amid market volatility, if $uniswap struggles to surpass the R1 resistance, we'll consider adjusting our approach. We're eyeing a bullish bounce from a lower support at $11.317, a level where the price has previously found footing.
💎 A drop below this key support level might signal a transition to a more pronounced bearish phase, accompanied by heightened selling activity. Maintaining alertness and flexibility is essential as we monitor the #UNI market's shifts.
#UNI/USDT#UNI
The pair has recently witnessed noticeable price movement
After falling for a long time
The price recently touched the downtrend, from which a price correction is expected
Current price 4.57
First goal 6.85
Second goal 9.78
Please note that the price is on its way to the targets and may be exposed to ups and downs at intervals that are expected to take time to reach the targets.
Cryptolean Uniswap UNI Update
Uniswap is trying to reverse from the key daily support level at $11.25.
A bullish reversal from $11.25 will result in a move to $12.63 and, possibly, higher to $14.28-$15.45.
A bearish break-out of $11.25 will push #UNI price lower towards $8.68.
Intraday Chart
The UNIUSDT 4-Hour chart is bearish and teasing $11.97.
A bearish breakout of $11.97 or a bearish rejection of $13.11 will push Uniswap price towards the key intraday support zone at $9.63-$10.60 and, possibly, lower towards $7.33, to close the gap formed on February, 23.
A bullish break-out of $13.11 will push price to re-test $15.24, however the price action may be slow and choppy.
Support once read!
Thank you
Is UNI's next target $26?Hello everyone!
I suggest paying attention to the #UNI token on the UNISWAP DEX.
On the chart, it is clear that after the last bullish market, a correction has started, forming a 3-wave Elliott correction structure.
Currently, according to the plan, we are in the first impulsive wave of growth. The asset has already successfully held above strong Fibonacci levels and even reached the target level of 0.618, from which the correction began.
You can consider entering a position from the current price values or place buy orders from the 0.5 Fibonacci level.
Target - $25.91
The final profit is over 100%. It depends on where you open the position from.
This is not financial advice, everything you do is at your own risk!
Follow me to get even more trading ideas!
UNI Potential Bullish PatternAs you can see in the chart above, Uniswap has found support in a previously significant price range, around $12.70. In addition to that, the 4h chart appears to be making a bull flag pattern in this pullback, and the price has also pulled back into a significant fibonacci area, between the .5 and the .618. These indications could mean that wave 5 is coming soon. In the short term, I will be looking for a break above the top trendline on this chart to be fully bullish, and a break below the $12 level as a bearish sign. My price target if it ends up running would be the $20 range, or the fib 1.272. Good luck!
UNI/USDT Break Alert!! Indicating Continue upward Movement!💎 UNI has recently encountered significant market dynamics. Currently, UNI has successfully broken out the supply area.
💎 There may be a retesting phase at the demand area, which was previously the supply area, before continuing its upward movement and reaching our target area.
💎 During the retesting phase, it is crucial for UNI to bounce from the demand area if it intends to sustain its upward movement. However, if UNI fails to maintain the demand area, there is a possibility of a breakdown below the support area, leading to a return to lower price levels.
💎 At the support area, it is imperative for UNI to bounce and reclaim the area above the resistance for continued upward movement. Failure to do so could signal a bearish trend for UNI, potentially leading to further downward movement in price.
UNI/USDT (Uniswap, DeFi) Main trend. Pivot zones. UnlocksLogarithm. The main trend (all trading history). Time frame 1 week. The main trend to understand the main trend and cycles.
Long-term position work in the spot (you don't need to hold your coins on the exchange, so you reduce the risk). If you are not working locally, there is no point in holding coins on exchanges, which can appropriate your funds in case of "force majeure" circumstances under the general market situation. If you work long term, then you will sell some part of it after a few months (the probability is no more). Then buy back most of the profits and some of it already in the main distribution cycle, that is, in a few years (1.8-2.2 years, the peak of the market).
It is worth noting that in 2023 there is quite a lot of unlocking of coins on this cryptocurrency.
Shows the percentage of price growth from the main reversal zones from the key support/resistance levels in the case of retention or on the contrary breakout. The work with martingale in case of a negative scenario (averaging, predetermined amount of money).
This is what it looks like on a line chart (without market noise).
This non-logarithmic chart was published about a year ago at the beginning of the accumulation (sideways) channel formation.
UNI/USDT Main Trend. Time frame 3 days.
News background now: Uniswap Labs announced the launch of Uniswap v4
UNI/USDT Crucial area. Could Break this area or rejected ??💎 UNI has recently demonstrated notable market dynamics, currently encountering resistance in the supply and Bearish Order Block (OB) area.
💎 A breakout above this zone is necessary for sustained upward movement, probability leading to significant price appreciation and the attainment of our target area.
💎 However, if UNI fails to break out above the supply area, it may face rejection and retreat to the support zone around 5.61 to gather new bullish momentum.
💎 Upon reaching the support area, UNI needs to bounce back upwards to resume its upward trajectory and attempt to breach the supply zone once again.
💎 Should UNI break below the support level, it would signal a shift in market sentiment towards bearishness, potentially leading to further downward movement towards the demand area or even lower.
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