UNIUSD trade ideas
Quick Uni analysisEveryone has been waiting on Uniswap, as it has sort of fallen into a consolidation pattern with no really big moves in the past week. We might be extremely close to a big breakout, as we can see that Uni has broken an ascending triangle on the hourly chart (typically bullish). We can also see a decent cup and handle formation that is begging for a breakout. Lastly, Uni just tested the $22.5 level in the last candle for the first time in two days. If you go back to Feb 05, you can see that this is a historic level. If the bulls can apply a little more firepower and push Uni through the $22.5 level, we should have a field day. Catch up, Uni!
Long TradeI work out a Bipoon signal to buy UNI
A little correction and possibly washed down, and again to update the previous peaks.
UNIUSD - EW analysis - impulse up cycle UNIUSD - It seems within sideways correction and probably ends with one move down up to 16.60 level. Pump it within the zone for next move up as 5th wave up of the sequence.
Give thumbs up if you really like the trade idea/analysis.
UNISWAP- Double Bottom or Head & Shoulders. We'll find out soon!I'm picking up on a nice new continuation pattern that can send UNI forward further. Yes it has 4x'd the past 2-3 weeks. But its not done. Its adoption rate has been phenominal and its continuing to develop new use cases.
So this looks like a nice double bottom at 17. Resistance to break is local high 19.8
Very deciding development here.
I'm holding but i'm also buying more if it breaks above 19.8 with support and volume.
I'm selling below 17 because it would complete a pretty well formed head and shoulders (reversal) pattern.
I'm 60/40. Our btc-eth-alt cycle is a little out of wack because eth beat a few alts to the ATH party. That said i think this plays out better for ALTs but UNI is one of those alts that DID beat ETH to the ATH party.
SUMMARY-
60% UNI breaks through and holds 19.8 for support. From there its going to $25.
40% it doesn't, confirming head and shoulders. I'm not going to guess a bottom because it hasn't stopped to look back very often from $3 to $19.
100% certain there is signifigant movement (+/- 10-15%) in the next 24hrs.
Not a professional advisor. Just like to write down my ideas and observations for personal reference.
And i'm right 100% of the time...most of the time.
UNISWAP: SHORTHello Traders,
It looks like Uniswap is showing a bearish divergence on the RSI. We are also seeing a BTC Dominance rebound. Which can in effect cause alts to decline from their recent run. This means people are taking profits back into BITCOIN.
Let me know what you think.
Waiting for a pullback to the high 15s, buy in for the next run!Expecting that we will break resistance levels after this correction is complete at 16 or just below. Waiting to buy in - now is not the optimal time.
Uniswap (UNI) $20 Support Forming Road to $27?What a magnificent performance we have been witnessing from Uniswap since the begging of this year. Cheers to everybody that has held to $20! Every hodler, trader, and investor should be excited and thankful for the explosive growth that we have been seeing with Uniswap and within the Decentralized Finance (DeFi) realm overall. Almost every week we have been seeing the DeFi sector increasing Total Value Locked (TVL) by the billions.
It is very refreshing and reassuring to see Uniswap hugging the 2.618 Fibbonacci level of $20. Many believed we'd dump right after $20 but that doesn't seem to be that case so far. We've traded through $20 five times starting to form the basis of a $20 support area. As of right now we have a low support of $17.80 and a resistance of $21.56
The next destination for Uniswap will be the 3.618 Fibonacci level putting us at a new all time high target of $27.00 if this momentum continues. So far Uniswap just reached a milestone of 30 Billion dollars in Total Value Locked (TVL) and is nearing 4 Billion dollars worth of liquidity.
Uniswap is only about 2.8 Billion dollars away from Binance's 8.6 Billion dollar market capitalization. If we continue this bullish momentum througt 2021 there's doubt in my mind that Uniswap will eventually be the biggest cryptocurrency exchange overtaking Binance. Uniswap is truly a game changer and as always I'm keeping a nice bag of UNI for the long term.
Much Peace and Love! Cheers!
UNI/USD BUY 18.50 area Decline to support zone on 4hr. And some hammers now.
On 1hr rejection from top bolinger, now hitting bottom bolinger. Hammer. Buying more at this level.
Let’s see if it will go up and retest top bolinger on 4hr and top bolinger on 1hr.
See idea attached
Buy uni/usd 19.30-50First decline after strong run up.
On 15min some buying as green candles and hammer
Buy 19.45
I will look to buy more if it drops more
UNI - U kno it's about to go parabolic! Hello Traders,
UNI took off for a minute there this late morning but it's taking a little pullback, which I've been layering in purchases.
A few things, inverse head, and shoulders, rising RSI & MFI.
I see quite a bit of volume as we get to the $24/$25 range.
I have my take profit right before that around $23.5.
Good luck!
UNIUSD - EW analysis - impulse up cycleUNIUSD - It is in impulse up cycle. The current structure is either the part of 4th internal wave or 5th of 3rd internal wave. In both the condition, the down corrective move is a buy set up near 16.58 or slight lower for higher high as final push of the sequence.
Give thumbs up if you really like the trade idea/analysis.
