A possible Double Bottom and A Pennant From the chart, You can see there is a Double Bottom formations where the re-test is done. From this re-test area, we can also form a pennant from the second bottom.
To support this, I also draw a fib retracement from the bottom to the peak level of re-test. By this fib, it is also supported by many fib levels that is worked before ( such as 0.5 or 0.618). Therefore, The next level of the fib is 1.618 which is in our target area.
RSI also is on a uptrend line. Stoc RSI gives a buy signal.
Based on all signals, my target area is shown in the chart.
Don't hesitate to share any idea, comment or critics ^^.
Uniusdt
Uniswap ready to explode higherAfter the Coinbase IPO, Ethereum and DeFi have gotten a boost again. My belief is that many of the people on Coinbase are big on Ethereum, but also we've exhausted most narratives. We've gone full circle and back into Ethereum and DeFi again. Despite the crash Ethereum recovered quickly and recovered fully which I think was a bit surprising, but the ETHBTC chart and UNIBTC charts are explosive.
With V3 coming for Uniswap, the expansion to other chains or second layers, as well as its complete dominance over other DEXs... Uniswap could be heading for a massive boom. This could be seen as a massive cup and handle pattern and I think that my target is probably the first one and the upside is even larger.
UNIUSDT 4 HR Education Analysis using MACD and DEMAIn this analysis I am using two DEMA's, one is 9 period and the other is 26 period, in combination with MACD indicator.
Uniswap, after achieving an ATH, is again unstoppable. It is going to test the previous resistance turned support at about $39, and if it holds, is going to see another ATH very soon. On the other hand, if this support breaks, it could visit $30 areas.
As analysed with two DEMA crossovers and MACD confirmation crossovers, this setup is giving good buy and sell signals.
It works like this, when 9 period DEMA crosses over 26 period DEMA and MACD line crosses over signal line, we can go long or BUY the asset and SHORT or SELL when the opposite occurs. We can also take into consideration various other factors like volume and how other markets are moving.
Uniswap has very strong technicals, and could see a good movement upwards achieving new ATH's.
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UNI: MOST Important Update - HASH RIBBONS CONFIRMED BUY! PT $387This is a significant day for UNI - UNI just posted a Hash Ribbons buy signal on April 25th and this is the most reliable buy signal in crypto.
The last time UNI posted this Hash Ribbons Buy signal was Dec. 21, 2020. Over the next 124 days, UNI returned 1000% or 11x to anyone who held over those 4 months.
Imho, this next 1000% return in UNI will take less than 124 days considering the bull market was just beginning in Q4 2020 and it takes time to start the compounding.
With V3 set to launch May 5th and EIP-1559 going into effect in July, you will want to be in for this ride... PT $387
Here is my last update on UNI prior to this:
UNIUSDT (UNISWAP) Resistance Zone BreakoutUNIUSDT (1H CHART) Technical Analysis Update
Resistance zone breakout
UNI/USDT currently trading at $40.00
Buy-level: $39.00 - $40.00
Stop loss: Below $36.70
Target 1: $42.50
Target 2: $45.00
Target 3: $47.50
Target 4: $49.00
Max Leverage: 2X
ALWAYS KEEP STOP LOSS...
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UNIUSDTHello to you all. Mars Signals team wishes you high profits at all times.
As you can see, the price is fluctuating in a heavy resistance, if it breaks, those who have this currency can climb well. They can make a profit and enter into a deal if it breaks and stabilizes
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!
A Possible Scenario for BTC - Upward Sideways Chop next 3 Mo.The scenario drawn where BTC trades inside the parallel channel (drawn) but below the golden lower cone line which is a line that has connected several important candles since Oct 2020 is a very plausible scenario for BTC.
I fully believe weak hands are being shaken out to the max here - there is no reason at all to panic considering we've had 6 GREEN monthly candles! The record is 7 Monthly Green candles - it's time for 1 small red candle in the middle of the bull run - in fact it's extremely healthy to continue the bull run structure.
Altcoin Season
Knowing that if this scenario plays out where BTC dominance continues to wane and BTC's price trades sideways but slightly up - this is an EXTREMELY Bullish scenario for altcoins - my #1 recommended altcoin buy at this moment is UNI , then LINK, then maybe DOT or ETH.
The last time BTC traded sideways like this in 2017, altcoins began to explode higher and this time is likely no different.
Read my latest chart on UNI