UNIUSD trade ideas
UNI IDEANot really following UNI but after a quick look, I think price action is really interesting. At the moment retracing - not sure how much, will it find a support around 8 area or is it going to bounce on the trend line? No clue. But if the whole market keeps pumping I think is possible that it goes up to 10.5 or even 12.
Keep an eye, losing the support of the trend line is not a good sign.
Let me know your thoughts :)
Don't join before you do your own research. This is a rough idea, NOT a financial advice.
UNIUSD - Will This Beast Surge Again?UNIUSD was king of DeFi in 2021 and since its wild surge has in 2021 has been in a bear market ever since. It didnt even make a corrective higher high with BTC.
It has just passed the 1.618 extension from the top and this is in the area of the only support block (circled) on the chart.
Weekly RSI oversold.
Good chance it bounces in this area with BTC.
Not advice.
UNI, 5 waves rose.The following are machine translations:
The daily chart, along the trend line, rises in 5 waves. The 5th wave is in progress. Compared with the long upper shadow line on the left, the fairy guides the way, and looks around 10.
The indicator macd formed a golden cross again above the zero axis, showing a strong performance. The RSI indicator is running in bullish territory above neutral 50.
The operation is low and much, you can try to start near 7.5, and the target is near 10.
Uniswap to hit $5.20Uniswap to hit $5.20
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The Uniswap (UNI) pattern broke above the monthly resistance at $6 under the influence of an inverse head and shoulders chart pattern. Hence, coin buyers are developing another pillar to climb further up the price chart. Additionally, the technical setup of this bullish reversal pattern should encourage buyers to rally the bulls to $8. you should enter
For almost two months, I. H. From May 11 to July 8, the UNI/USDT pair traded sideways, struggling to clear the $6-$5.9 resistance. Furthermore, this consolidation has formed an inverted head and shoulders pattern, which offers traders a chance for recovery.
The recent drop in UNI price has stabilized around $4.65, forming the right shoulder of the pattern. The corrected rally sent the altcoin surging 40% and breaking the neckline resistance at $6.
On July 9, the coin saw a decisive breakout from $6, supported by a significant increase in trading volume. Additionally, the altcoin, which is currently in the retest phase, provides an entry point for contrarian buyers.
Alternatively, the impact of the $6 support level would nullify the bullish thesis and trigger another correction in UNI price.
UNI - Leading The Crypto Bull Run! 🚀UNI has broken above resistance with impulse as can be seen well on the daily chart.
Last bull market it was UNI that surged hard and long in the early stages and I think this may happen again.
It may re-test, it may even fall back below resistance, but I think in a week, in a month, in 3 months UNI will be well on the way to the moon, or at least a retracement moon 😄🌒.
Not advice.
UNI faces bearish crossover after failing to test $5.68 resistanUniswap price analysis remains bearish today, following from yesterday’s massive 16 percent decline that took price down to $5.25 support. UNI declined more than 2 percent over the past 24 hours to as low as $5.36 with trading volume rising above 55 percent. Uniswap price took a sudden correction on July 10, 2022, after facing rejection at the $6.38 resistance point and is now set for a bearish crossover. Price could find an uptrend if buyers come into the market at discounted price over the current trend, but would need to look out for the high volatility currently in place. UNI market cap fell around 3 percent today, moving down to $4,195,369,658.
The larger cryptocurrency market continued to decline sharply from yesterday, as Bitcoin receded down below the crucial $20,000 mark with a 4 percent decline. Ethereum lost 7 percent in price to stay just above $1,000, while major Altcoins showed similar downtrends. Cardano dropped 4 percent to $0.43, whereas Ripple dropped 3 percent to $0.31. Dogecoin dropped down to $0.06 with an almost 5 percent dip, while Solana showed a similar decline to move down to $33.88. Meanwhile, Polkadot moved down to $6.78, dropping 2 percent over 24 hours.
UNI - Profit Taking AgainUNI is hitting a clear 1:1 here with some wick while BTC has a flash mini potential blow off top so im taking some profits here.
I'll be looking to re-enter my swing at the log 0.382 which is $5.39.
It may (I think) get to the 1.272 but even if it does and reverses then a 0.382 is still lower than current price at $5.54.
Some bearish divergence also on the 1H.
Also NDX hitting resistance so I'm expecting a down day tomorrow which can also pull crypto down so it would be approriate time for BTC to top if thats correct.
Most of the other coins i'm leaving alone unless they have clear fibs and I cant be doing with too much fiddle.
Not advice.
UNI - Profit TakingI'm exiting my swing position here but not touching my hodl allocation.
Currently UNIis up 50% from my entry.
It is hitting the range top.
Bearish divergence on 4H RSI .
And most importantly BTC is in a drifting ascending channel - looking ready to fall.
I'll hopefully get back in near the low. If I miss it its fine i'll put it in something else but I think the odds favour the exit.
Not advice.
UNI bottoming?Elliott says UNI is in a bottoming formation here, and possibly already has bottomed last week. Either way I'll be looking out for potential 'wave 3' news triggers which would cause this next massive wave up. The announcement of their move into NFT trading would be a good start to that. The governance decision someday to trickle fees to UNI holders would also be a massive news-maker for UNI.
UNIUSD Two levels for a short-term buyUniswap (UNIUSD) has been trading within a Bearish Megaphone pattern since the December 02 2021 High. It has been in a Bear Cycle since the May 05 2021 High. At the moment the price is testing (and so far being rejected on) the 1D MA50 (blue trend-line) which is unbroken since April 10. Last time we saw a similar 1D MA50 rejection on a downtrend with the 1D RSI on the same pattern, was during the May 05 - July 06 2021 formation.
It was when the price got rejected on the 1D MA50 and formed straight after a Triple Bottom that eventually rebounded within the 0.618 and 0.786 Fibonacci retracement levels. It is possible that if the same pattern is repeated, it will make that Fibonacci test when the 1D MA200 (orange trend-line) is within. Right now we can only trade within the Bearish Megaphone, so either buy if the price closes above the 1D MA50 or if it makes a Triple Bottom within 3.60 - 3.35. The new Bull Cycle will most likely start when the price breaks above the Lower Highs trend-line from the All Time High.
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UNIUSDT H2: 75% gains THE BEST LEVEL TO BUY/HOLD(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: UNIUSD H2/candle chart review
::: HIGHER RISK SETUP USE TIGHT STOP LOSS
::: short-term recovery / bounce play
::: targeting IHS formation
::: however strong bounce after pullback
::: setup still valid as of today
::: chart is LOG SCALE
::: get ready to BUY LOW later near 4.20/4.40
::: BUY LOW near 4.20-4.40 stop loss below
::: currently expect re-test of resistance near 5.80
::: chart looks good for a decent bounce play
::: for now stay out / wait for better entry price
::: up to 75% gains possible later
::: short-term pullback/correction
::: is possible / likely
::: however chart looks good for BOUNCE
::: SPECULATIVE SETUP
::: do your own due dill
::: and use proper risk management
::: TP bulls is +75% gains
::: details: see chart
::: FINAL TP is +75%
::: recommended strategy: BUY/HOLD 4.20 USD
::: TP BULLS +75% gains final exit 5.80 USD
::: SWING TRADE: BUY/HOLD IT
::: bull run not over yet
::: good luck traders!
::: BUY/HOLD and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BULLS/STRONG BOUNCE
::: Sentiment short-term: CORRECTION/5.80USD
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