UNIUSD.P trade ideas
UNI, Poised for a PartyUNI, daily, Triple hidden Class A hidden bullish divergence on MACD & RSI. MACD looking to flip green, hasn't yet. March 15th close functions as stop-loss. Targets are overhead Fib levels from recent swing high to low. Let's freekin go!
Uniswap (UNI) - April 3Hello?
Dear traders, nice to meet you.
By "following" you can always get new information quickly.
Please also ask for the "Like" clock.
Have a nice day.
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We must see if we can ascend above the 30.64308018 point.
If you decline at 28.83657176, you need a short stop loss.
If it falls in the 19.86829191-22.11036180 range, Stop Loss is required to preserve profit and loss.
The next volatility period is around April 8.
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(UNIBTC 1D chart)
We have to see if we can rise above the 0.00053565 point and gain support.
If it is supported at the 0.00053565 point, it is expected to turn to an uptrend.
If it falls from the 0.00044983 point, a Stop Loss is required to preserve profit and loss.
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If you look at the charts of most of the major coins, they are either rising near their previous highs or exceeding their previous highs.
These rises are expected to rise even more when the BTC price rises above 60K and moves towards 70K.
However, if the BTC price fails to rise to 60K, it is expected that it will eventually turn into a downtrend, so careful trading is necessary.
Currently, BTC is in the period of volatility, and the coin market is in the overheating zone.
In this market situation, if you enter along with rising prices, the rate of return may be negative.
The coin price is recording positive, but the yield of the coin I bought is negative.
Therefore, if you are not familiar with same-day trading or short-term trading, it is recommended to enter when the coin price declines and then moves sideways and shows support at some point.
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** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume.
Just for the sake of convenience, we are talking upside down for interpretation of the indicators.
** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the conventional stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.)
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day.
G1: Closing price when closed
G2: Cigar at the time of opening
(Example) Gap (G1-G2)
UNI: Coinbase IPO = UNI Target Price of $131Just want to put out a short Fundamental Value note on UNI .
UNI is worth $131 considering the relative value of where Coinbase will list its IPO which looks to be at or above $68B in equity value alone.
UNI does very similar daily exchange volumes at nearly ~$2B / day relative to Coinbase and will likely surpass Coinbase in exchange volume in the next 30 days after UNI implements its major upgrade for efficiency and a later upgrade that will focus on reducing gas fees by May.
Public comps like this are god-given gift b/c the value will be visible to anyone and this will attract investors to UNI as it will be clear that it is massively undervalued at $14.5B market cap. If UNI were to trade more in-line with this public comp, that would equate to a price of $131 per UNI . Therefore my PT by the end of April is $131.
Coinbase will list its shares mid-April.
Source: Coinbase puts its value for Nasdaq Listing at $68 Billion
Coinbase Global, the largest cryptocurrency exchange in the US by trading volume, has registered 114.9 million shares for a direct listing on the Nasdaq stock market.
The company, founded in 2012 by Brian Armstrong, who is the CEO, and Fred Ehrsam, said in a regulatory filing to the Securities and Exchange Commission that recent private transactions had valued the San Francisco-based business at around US$68 billion. The valuation is almost 53 times its revenue in 2020.
In the filing, Coinbase said its stock in the private market traded at a weighted average price of US$343.58 in the first quarter of 2021 to 15 March. In the third quarter ended 30 September, Coinbase’s stock traded at an average of US$28.83 per share for a valuation of US$5.3 billion. According to data platform PitchBook, Coinbase was valued at a shade over US$8 billion during its last private raising of funding in October 2018.
Uniswap (UNI) Ascending "Unicorn" Formation Before V3 May 2021I'm really liking this ascending triangle formation for Uniswap. We've held a beautiful bull trend line since January 11th and it is still holding nicely. This is only complimented by the fact that Uniswap will have a major upgrade to Version 3 sometime next month in May. This is very bullish news for the all the Uniswap holders out there and for anybody that uses the Decentralized Exchange.
Uniswap has proved to be one of the most important and significant cryptocurrency projects in this ecosystem holding a steady top 10 cryptocurrency position. It is the king of the DEX's. I believe we will continue to see increased adoption and liquidity grow on Uniswap throughout the year especially with the much anticipated upgrades with V3. I personally believe that probably won't see Uniswap under $30 much longer. However I'm no financial advisor. Much peace, love, health, and wealth.
Possible Inverted Head & Shoulder FormingIf we see a bullish continuation then we will for the right shoulder for an inverted H&S. This should get us back on track and nice timing for the start of the peak ALT season and V3 rollout.
$UNI (Uniswap) looks incredibly bullishInvalidation would be a closed candle below support.
Pretty low R:R, for a entry now.
Be Aware!Uni has fallen back to the Red trend line. if it bounces back this might turn out to be a head and shoulders pattern but hopefully its just a healthy correction after having serious difficulty breaking all-time highs.
UNI getting big buyer attentionUNI is starting to attract alot of attention from the big players according to our data collection methods. A good risk conscious purchase spot might be at a pull back to 31.07 at this juncture for a long term hold. If volume can build higher we will adjust our bid point up... but at this point it is at the 31.07 level.
UNISWAP updateUNISWAP v3 announced.
Price is respecting critical support levels after completing double top.
We can possibly see a double bottom forming if support and 100 ema level hold strong.
DeFi is the future1) Decentralized exchanges (DeFi) like Uniswap, Sushi Swap, and Pancake exploded onto the scene in 2020. This is an area of huge potential growth.
2) The crypto market as a whole cooled off a bit, and UNIUSD briefly tested the lows.
3) The range expanded to the upside and we're going up again! BTC made its' big move, and now alts are trending up as we can see on BTC.D (Bitcoin dominance).
Stats are from 1/1/2020 to current using ~2% risk.
Heads up Looks like Uni is working on an inverted head and shoulders. It needs a little time to make it's way to- and break through- the neckline, but, with any luck, it will eventually hit my measured target of at least $4.60-$4.65.
Constructive criticism and critiques are always welcome
Happy and Prosperous Trading.
*Don't take my advice, I have no idea what I'm doing.
UNI: LaunchUNI is very close to passing the previous ATH. If it passes $35 and holds above it, I wouldn't be surprised to see $40 - $50 soon.
*** NOT FINANCIAL ADVICE ***
rising wedge uniswap taking some profits on the 0.618 fib extension. If this rising wedge forms it may lead to a breakdown
Uniswap: Possible 20% GainsHere's a nice set-up for those interested in taking a position with Uniswap ( UNI/USD). I trade all these swings right alongside you; these are my actual positions. My entry point is always the current price. I am not a financial advisor. Join me at your own risk.
If you have strong hands, patience, and like big wins and big money, follow me. I track all the USD-paired cryptocurrencies on Coinbase Pro (and many others) and regularly seek out the most potentially lucrative swing trades. All my charts are clean, straightforward, and easy-to-follow. My technical analysis is based upon Wyckoff phase analysis, Elliott wave principle & Fibonacci ratios. If some of my sell zones seem conservative, it's only because I believe in exiting while still holding the fat money bags. The more intrepid traders can let the winners run a bit longer if they choose. Good luck and safe trading to all!
My wins so far for March 2021:
1. Filecoin: 31.92% in 14 days
2. Kyber Network: 12.09% in 7 days
3. Loom Network: 66% in 10 days
4. Ravencoin: 78.55% in 11 days
5. NMR: 19% in 2 days
