ONE MORE BEARISH SIGNAL BEFORE TAKE OFF! SLIP AND SLIDE!We are in for a VERY INTERESTING couple of weeks ahead. The US election has everybody in a very polarized position with their investments and trades—either you bearish as hell, or you're a flaming bull. When we zoom out and look at the yearly time frame, it looks like we have descending buy volume and the MACD moving average is losing momentum quickly. We might have one more dip before the bull rally ahead after the election. It's unfortunate, I didn't want this, but we might have to go down to $2.00 to $1.50 before all hope is lost and people are ready to BUY BACK BIG! This is simply one scenario, $2.5 very well could be the bottom and we will hang out here for a little while and consolidate. I'M READY TO SEIZE THE DAY NO MATTER HOW IT GOES!
UNIUSD.P trade ideas
Uniswap — The Darling of DeFiUniswap has dwindled after its launch on Binance which saw a 100% price increase on day 2 of being listed.
Price has ground down for the 2 months since then and so far there's no indication of a new price rally yet.
A possible support level may exist at $2.50 but that has not been tested yet.
Team Sparkster is Neutral on Uniswap for now.
Note: SparksterSignals (including our technical analysis and our algorithmic backtested signals) are not provided as financial advice.
END OF MACRO BEAR TREND! UNI SET TO POP!I've been watching this little piece while everyone else has been sleeping on it / distracted by the glitz and glam of Bitcoin. Look at the chart, we are currently at the end of the third wave of a three wave macro bear trend. The RSI and MACD have both bottomed out, we are now at a double bottom at $2.5. The sell volume is has really calmed down. There is huge upside potential and I'm ready to grab a bag and ride the elevator up to $3.7. Let me know your thoughts in the comments below.
Bullish pattern apparent can it finally turn around?*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. You should always do your own due diligence before trading or investing.
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Why Uniswap Is So undervalued ? King of DEXs?Last year, the world’s three largest stock exchange operators grossed $7.3 billion in profit. Combined, these companies have a global market value of $92.4 billion. They are money machines. All they do is sit in the middle and match buyers and sellers.
Now, they do it very efficiently. And they do it very quickly. That’s why they make so much money. When seconds can mean the difference between making thousands on a trade or millions, traders are willing to put up with their fees.
For crypto, Uniswap saves users time and money. You don’t need to send your tokens to an exchange, wait an hour, trade, and then send the crypto back to your wallet. It can all be done almost instantly through Uniswap’s wallet and on-chain. In return, it collects a smaller fee than the big exchanges today.
We see Uniswap as the hands-down king of DEXs. And as it takes its place at the top, UNI holders will benefit through a potential 0.05% fee change in the coming months.
To gauge what UNI is worth, let’s assume the fee gets implemented – which we believe will happen in the coming months.
Since September 1, Uniswap has averaged $386.7 million in volume per day. If it were to merely maintain its market share – based on UNI holders earning 0.05% in fees on this volume – over the course of a year token holders can pull in just north of $70.5 million.
By January 2021, UNI’s total circulating supply is expected to be nearly 240 million tokens. This would work out to be just over 29 cents per year per token in earnings.
Now, to get a starting point for what the market pays for these earnings, let’s look at three publicly traded exchanges and their price-to-earnings (P/E) ratio.
CME Group: 25.65
InterContinental Exchange: 26.65
Nasdaq: 26.45
Average: 26.25
So investors are willing to pay an average of $26.25 for every $1 in earnings.
Using an average P/E ratio of 26.25 would give UNI a price of about $7.73. At the time of this publishing, UNI was trading around $3.0078 So it’s already trading at a more than a 59% discount compared to traditional exchanges.
The same way Amazon owned e-commerce by making it easy for people to buy online, Uniswap is in a position to dominate the trading of ALL assets, not just crypto because it’s made it easier and far cheaper to use than traditional exchanges.
And because of the design of the blockchain, it can do this with just a handful of people. Think about that: Uniswap is dominating all crypto trading with just 10 people. The top three exchanges – Binance, Kraken, and Coinbase – have a total of 2,469 people on their teams.
It took Uniswap less than two years... only $11 million dollars... and only 10 employees to reach the same trading level it took Coinbase 5.5 years, 1,200 employees, and $500 million in capital to reach.
I need you to understand how disruptive that is. If I were a Coinbase, Binance, or Kraken shareholder... I’d be very worried right now.
As a cheaper, faster, and easier option, Uniswap is going to eat their lunch.
UNI - Consolidation / rough planConsolidation continues - market ignoring in favour of established ALTs?
Expecting move to $4.6 when money begins to move out of established ALTs/BTC
Looks like there is a lot of work to get this to break ATH and if market turns south potential for greater falls.
Better opportunities elsewhere right now
B, HF
Bullish signs but still need to break this KEY resistance*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. You should always do your own due diligence before trading or investing.
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*Let me know in the comment section if you agree or disagree, would love to hear your ideas too.
UNIUSD sudden pump but is the market still bearish?*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. You should always do your own due diligence before trading or investing.
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*Let me know in the comment section if you agree or disagree, would love to hear your ideas too.
In between a bullish sign and a CRUCIAL support - Up or down?*These are purely my speculations and not financial advice. You should always do your own due diligence before trading or investing.
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*Let me know in the comment section if you agree or disagree, would love to hear your ideas too.
Bullish pattern apparent will can it break out?The current situation:
1. An inverse head and shoulders pattern is apparent on the 1HR chart, with the neckline at about 3.45 USD and the measured breakout target to be at about 3.75 USD. Currently the immediate resistance is the 12HR 21MA, above which the price action has not closed above since September selloff.
The bullish case: a solid 12HR candle close above the 21MA will make a convincing case that the downtrend may be broken and this is the start of a reversal.
The bearish case: a rejection at the 12HR 21MA and the price action falls back below the 1, 4 and 6HR moving averages it just gotten above.
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*Let me know in the comment section if you agree or disagree, would love to hear your ideas too.
*These are purely my speculations and not financial advice. You should always do your own due diligence before trading or investing.