No Change to my $39 Near Term TargetI knew my previous entry was little tricky as I overlooked a lower entry point way earlier. Now the price is once again lifting its head above the 200p moving average which is super positive. Added some today.
UNIUSD trade ideas
Bull Flag Trading on UNIUSD #BTC #UNIThe bull flag pattern is a continuation chart pattern that facilitates an extension of the uptrend.
In this scenario we have a Bull Flag as well as a Symmetrical triangle in which in a uptrend momentum as we see a huge spike in volume forming the Flag Pole, this pattern has a 67% probability of succeeding to the upside.
Entry Possibilities for a Bull Flag are:
At the Bottom of the Flag
At the Breakout of the Flag
Take Profit i always like to take at 50% of the measure move and at the 90%. This is a momentum pattern and more often than not, at the measured move, price will likely retrace a good amount.
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#BTC #CRYPTO #BULLFLAG #BEARFLAG #TRADINGIDEA
Uniswap (UNI) - September 23Hello?
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(UNIUSD 1W Chart) - Mid-Long-Term Perspective
Support section: 8.7501025-12.9299601
Resistance section: 30.6430802-36.6077003
(1D chart)
Support section: 17.75218020-20.8660947
We expect the price to remain above the support zone and turn into an uptrend.
However, it should break out of the downtrend line.
From point 26.4209357 and above, many horizontal points are drawn.
These horizontal lines represent support and resistance points.
Therefore, the resistance section is formed as wide as the section 26.4209357-36.6077003.
If it falls from the 17.75218020 point, it is likely to touch the 8.7501025-12.9299601 zone, so trade with caution.
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(UNIBTC 1W Chart) - Mid- to long-term perspective
Support section: 0.0003540-0.0004158
Resistance section: near point 0.0007047
(1D chart)
Support section: near point 0.0004730
Resistance range: 0.0005876-0.0006450
If it falls in the range of 0.0003009-0.0003583, there is a possibility of entering the mid- to long-term investment area, so careful trading is required.
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an upward trend or a downward trend, there is a high probability that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not yet been released.
(Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional 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 disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
UNI Buy a break setup.UNIUSD - Intraday - We look to Buy a break of 27.59 (stop at 26.93)
There is no indication that the rally is coming to an end.
A break of yesterdays high would confirm bullish momentum.
The bias is to break to the upside.
We look for gains to be extended today.
Pivot resistance is at 29.70.
Our profit targets will be 29.57 and 30.27
Resistance: 27.60 / 28.40 / 29.60
Support: 26.60 / 25.80 / 25.00
UNI Buy a break setup.UNIUSD - Intraday - We look to Buy a break of 27.72 (stop at 27.08)
Daily signals are mildly bullish.
A break of bespoke resistance at 27.60, and the move higher is already underway.
A break of 27.70 is needed to confirm follow through bullish momentum.
Expect trading to remain mixed and volatile.
Our profit targets will be 29.48 and 29.88
Resistance: 27.20 / 27.60 / 28.20
Support: 26.50 / 26.00 / 25.50
Double Bottom Trading Analysis on UNIA double bottom pattern is a technical analysis charting pattern that describes a change in trend and a momentum reversal from prior leading price action.
In the Chart shown for UNIUSD, we have a great Long opportunity of a double bottom pattern where price has broken the Neckline and a great entry is on the Retest of the Neckline.
StopLoss should be inside the Double Bottom formation and take profit should be in 2 steps: 1: at 50% of the measured move and 2: at the Strong Resistance line shown by the dotted line.
2020-2021 Elliott Wave: UniswapUniswap is a decentralized finance protocol that is used to exchange cryptocurrencies. Uniswap is also the name of the company that initially built the Uniswap protocol. The protocol facilitates automated transactions between cryptocurrency tokens on the Ethereum blockchain through the use of smart contracts.
Little Tricky NowWhile buying other Alts, I somehow missed adding Uni. Still the chart is looking strong and Uni would likely reach the 78%-82% Fib retracement level marked as a yellow box. Will add more if we get a slight pullback but that chance is very very slim. Still a great buy at this level. If you are already holding, wait for the 78% level to take some profits.
UNI primeUNI is prime for a move up, 4 h and daily timeframe starting to look oversold. Local HnS formed. Waiting for the breakout of the HnS and the descending wedge.
The most interesting part of UNI price action is the volume of the last few bars. The volume was extremely high which suggest sellers are locally exhausted, they tried to push the prices lower without succeeding creating an imbalance of supply and demand.
I am expecting higher prices with the targets highlighted in the chart.
Also, this high volume is on strong support, which reinforces its strength and the bullishness of the signs.
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Bullish or bearish for UNIGreen prediction: Should bulls ignore the bearish news today (SEC Lawsuit), green is the likely outcome provided by normal technicals.
Orange prediction: Technicals are very bullish on UNI, Orange is likely if the lawsuit impacts take time to tear down bearish technicals.
Red Prediction: This is the likely prediction as the news unfolds.
