Bitcoin decopule with US10Y ? Where to look in bull cycle ?It has been commonly accepted that when yields and rates rise then higher risk assets should fall in value as money is tempted by yield returns
This relationship seems to be getting tested as Bitcoin and US10Y moves up together. It does give impression that bitcoin is not as risky as potentially imagined and can be seen as a flight to safety or "quality" to quote Fink.
If bitcoin continues then it is commonly accepted that it will lead out smaller caps in the cryptosphere
Its important to note that Bitcoin (on average) moves first. Why this is important is because it flies in the face of those who say Bitcoin will give less return then 'X' coin because in the very end X will ultimately move up more in % terms. However, if Bitcoin (on average) leads out the rest then the opportunity to reallocate lays mostly with those holding bitcoin. If you have to wait and watch as the rest of the market booms to see smallcap X coin eventually make its move.. then you have little chance of redistribution and any compounding. Whereas Bitcoin holders can take profit during btc move and redistribute into smallcap X coin pre its own breakout and essentially compound growth in that cycle.
Where after Bitcoin?
I believe that safe bets beyond Bitcoin that will move well post bitcoin runs are the sub sector monopolies within the cryptosphere. Coins that dominate their sector. Clear example is Uniswap's UNI.
Uniusdt
UNI SHORT SIGNAL Hello dear traders
I hope you are well
In the uni currency, the price has hit the swing resistance level in the 15 and 30 minute time frames
Considering the decrease in momentum in the price of this currency, we can think about short positions
The loss limit and final profit limit are specified in the chart.
I hope you use this signal
UNI ☀️ Ahead; Slightly Bullish Trend Over 24-Hr Horizon Cloudy ☁️, slightly bearish trading conditions will linger over the global crypto market in the next 24 hours. Sunnier ☀️ slightly bullish conditions will, however, prevail over Uniswap, Cardano, and Chainlink, according to ATTMO’s forecasts.
Over a one-week horizon, a mixed picture arises. The sun ☀️ will return and shine over Bitcoin, Litecoin, Cardano, and Uniswap. Other altcoins including Ether, XRP, and Binance face bearish clouds ☁️ and downside risks. Avalanche may even face stormy ⛈️ trading conditions, signaling the risk of a very bearish trend.
Follow us for more crypto weather reports!
Big Technical Alert on Uniswap (UNI)These technical data points can be extremely powerful
Its not a holy alert and can change in time too as the current monthly candle has not yet closed. That said the current data offers an interesting bit of potential and very worthy of getting a technical alert on.
When price is able to recover and reverse then the follow thru can be fast
Failed moves fail fast. This can be seen time and time again. Of course it too isnt holy but is a very powerful bit of technical data to look out for. As price recovers and the trend swings then people seem like they want to rush in and catch the changing tide.
Is this happening right now with UNI?
I cannot be sure Im still searching for that damn crystal ball. We interested understand that there can be a big move incoming and keeping an eye out for interesting opportunities that offer low risk can be part of the why were interested.
Keep an eye on how it develops
Could be a different set of circumstances tomorrow.. be like water to the changes in the flow (of data)
UNI SWING SIGNAL WITH TERIGER LONGHello again dear traders
UNI currency is located on a pivot support zone in high timeframes such as daily
Also, a decrease in sales momentum can be seen in the 12-hour time frame with an upward divergence
You can enter long trades with your own trading style with the entry trigger.
Thank you for your support
I would be happy if you could comment your opinion.
Brief Analysis——UNIAlthough BTC led most tokens to usher in a pump, the next day red candle covered the gains of most tokens. Today's brief analysis will continue the review of previously analyzed tokens. What we chose today is UNI and 1inch.
We conducted a brief analysis of UNI in mid-July. It is believed that the high probability of the rise has not ended. As we thought, the price rose and broke the given resistance level. And after the bears strengthened, it returned below the given resistance level. The long red candle on Aug. 2 means that the bears was starting to attack. After that, UNI fell, broke through the given support level downwards, and came to near the lower rail of the gray range.
This week, the bulls started to strengthen and the price rebounded. However, whether it is from the trading volume or the length of the green candle, it can be seen that the power of the bulls is still very weak. It is just a normal rebound after the bears decay. On Tuesday, UNI formed a long green candle due to market-driven effects. One day later, long red candle covered the gains brought by the pump.
Conclusion: The high probability decline has not ended. UNI remains neutral on a large scale. The bears are stronger than the bulls, who barely gain strength after the price approaches the green dotted line. So we come to this conclusion. We set new resistance level at 5 and support level at 4.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
Uniswap intraday 4H, Elliott wave countAfter 5 waves to the upside expecting a correction for wave 2 that may keep the prior 4th wave pivot and than to continue up with a 3rd wave.
Future updates will be posted as updates to this count.
Daily intraday updates on 1H and 4H time frame, don`t miss them!!
Good luck!
UNIUSDTThe conditions of the BINANCE:UNIUSDT are as follows:
Over the past 50 days, we have witnessed an uninterrupted 85% price growth.
Most of the resistance lines we assumed for UNI turned out to be weak, and the price easily surpassed them.
However, now we are approaching the 0.786 Fibonacci retracement level, which is located at a price of $6.75. In my opinion, this point, or $7, could potentially lead the price back to $6, and then $5.30.
At the $6 price point, we have strong support. However, between $5.80 and $5.35, there is a fear value gap(FVG), which could guide the price to those points and cause a price drop.
Also, in the 4-hour timeframe, we are witnessing a divergence in the RSI (Relative Strength Index) indicator, which can be an initial signal of a trend reversal.
But we need to wait and see how the market reacts to the $6.75 price level.
Ultimately, everything depends on the overall market conditions.
From Support to Surge: A Look at #UNIUSDT's Ascending Channel💎 Paradisers, the mid-term price action for #UNIUDT remains optimistic, as we continue to observe a pattern of higher highs and higher lows. What's more, #UNI has recently retested and rejected the vital demand zone near $5.7 for the third time in a row. It's evident that the bulls are holding their ground, and this could lead to a powerful surge shortly.
💎 We must also consider the bounce off the 50% Fibonacci retracement level, intriguingly situated right in the supply/demand area. Furthermore, #UNI continues to trade above the 200 Simple Moving Average on the 4H timeframe, once again displaying its bullish intentions.
💎 In terms of immediate resistance, the peak of the ascending channel could be the first area for profit-taking. However, if the price breaks above the channel with robust buying pressure, we could witness a much more potent trend in the upcoming weeks.
💎 Of course, this bullish outlook would be negated if the bulls fail to defend the demand zone, but as of now, #UNI appears quite bullish. Stay tuned for more updates and happy trading, Ladies and Gentlemen of ParadiseClub!
Finally Breakout above the Descending Trend Line | New CycleWeekly Chart
UniSwap BINANCE:UNIUSDT was under the descending trend line, you can see that on Weekly Chart
Daily Chart
Last week, Uniswap has broken out resistance and now it's trading at 6.42x
Uniswap has support zones around 6.1
Wait a retest and join Defi's trend
Uniswap UNI price price is accelerating, how long will it last?It seems that in early June, the UNIUSDT price did manage to break out of the prolonged downward trend.
Well, we're keeping our fingers crossed that buyers will be able to accelerate the growth even more. Buyers have a "difficult path" ahead of them, as there are strong liquid zones above, where there will be many people willing to sell their UNI, which is lying around in their crypto portfolio and weighing it down with its price drop.
The first critical level from above is $7.50. This is where the first "serious struggle" between buyers and sellers will begin. The outcome of the battle will determine which route the UNIUSD price will take next - white or blue.
One way or another, the medium-term target, where we believe the price of the Uniswap token will sooner or later reach, is in the range of $12.25-13
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UNIUSDT is at its support levelHello everyone! Let's return to the review of ordinary coins. UNIUSDT has a pretty good and readable graph. There was recently an idea for this coin, where we achieved all the goals. Therefore, now there will be an addition to the idea. The coin still follows its support - an inclined line. The price does not update the minimums, it goes up the ladder. At the moment, the coin is on its support - 5.7. From this value, the coin should walk to its next resistance at 6.4.
UNIUSDT Bearish Divergence 1H and 4H🚨📉 Alert to Crypto Traders 📉🚨
📈 #UNIUSDT #BullishTrend #BearishDivergence 📉
Crypto community, pay attention to UNIUSDT! 🚀📉
📈 The overall trend for UNIUSDT in the 1-hour and 4-hour time frames remains BULLISH, forming Higher Highs (HH) and Higher Lows (HL). 📈📈📈
🚨 However, we've spotted a concerning sign: #BearishDivergence on the Momentum Indicator RSI. 📉 RSI is showing Lower Highs (LH) and Lower Lows (LL) despite the price making higher moves. 📉📉
📉 This bearish divergence can be an early warning signal of a potential trend reversal or correction. 🛑🔄
📝 Trade Recommendation:
📌 Keep a close eye on UNIUSDT's price action and RSI movements.
📌 Consider tightening stop-loss levels or reducing position sizes to manage risk effectively.
📌 Exercise caution when opening new long positions, as the bearish divergence could lead to a pullback.
📊 Remember, successful trading involves understanding both bullish and bearish signals to make informed decisions. 🧠💡
🛡️ Trade responsibly and stay updated with market trends! 🚀📉
#CryptoTrading #TechnicalAnalysis #RSIDivergence #TradeSmart #RiskManagement #MarketAnalysis
Disclaimer: This analysis is for informational purposes only and not financial advice. Cryptocurrency trading carries risks, and past performance does not guarantee future results. Always do your research and consult with a professional financial advisor before making trading decisions.
UNIUSDT: Potential Trend Reversal Amidst Breakout and Bounce.💎Recently, #UNIUSDT successfully broke out of the descending channel and surpassed the supply zone, confirming a shift in market dynamics. Subsequently, the price underwent a correction and achieved a clean bounce off the 61.8% Fibonacci support level, indicating a potential shift in the trend from bearish to bullish.
💎Currently, #UNI is positioned within the demand zone, which serves as a crucial starting point for the next upward swing and potentially significant price increase. To assess the potential upside, we turn to the Volume Profile and Fibonacci indicators, which highlight three key resistance levels to monitor. The nearest resistance lies approximately 20% above the demand level, while the final resistance is situated around 35% higher.
💎However, the realization of these gains hinges on the avoidance of a new lower low, specifically, a daily close below the critical support level at $4.74. It is important to note that the market may enter a consolidation phase, characterized by range-trading, lasting for another week or longer. While the probability favors an eventual upside move, Paradise Club Members must remain patient.