UNIUSDT Elliott Waves AnalysisHello friends.
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Everything on the chart.
Targets: 7.5 - 10 - 12.5
after first target reached move ur stop to breakeven
Stop: ~3.9 (depending of ur risk). ALWAYS follow ur RM .
RR: 1 to 4
risk is justified
Good luck everyone!
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UNIUSDT trade ideas
Education: Riding the UNI wave to completionIn the world of crypto, altcoins like UNI offer amazing opportunities and lessons in market dynamics. For novice investors, understanding these dynamics can be a stepping stone to successful investing. Let’s look into the case of UNI and what its recent market movements can teach us.
Understanding UNI and Its Market Significance
UNI is the native token of Uniswap, a leading decentralized exchange platform that facilitates the trading of cryptocurrencies without the need for a central authority. This feature makes UNI not just a cryptocurrency but also a part of the evolving decentralized finance ecosystem.
The Breakout from a Downtrend
In November 2023, UNI broke out from a downtrend line that had been in place since around July/August 2022. This was a significant event for several reasons. A downtrend line is drawn by connecting the high points of an asset's price chart, showing a downward trajectory. When a breakout occurs, it indicates that the asset’s price has managed to surpass this line, suggesting a potential reversal in trend from bearish to bullish.
Why This Breakout Mattered
For traders and investors, a breakout from a long-established downtrend is a bullish signal. It suggests a change in market sentiment and possibly the start of an upward movement. In the case of UNI, this breakout was particularly noteworthy because the trendline had been respected and retested multiple times over several months, proving its significance.
The Strategy Behind the Investment
Based on this breakout, the decision to purchase UNI targeted a price of $12, a figure inspired by the prior resistance level from April 2022. In trading, resistance levels are where the price tends to find opposition as it rises. Once surpassed, such levels can boost confidence among investors.
The Importance of Strategy and Discipline
The UNI scenario underscores a few key principles in trading:
Breakouts Are Bullish : A breakout from a downtrend signals a potential reversal to a bullish market.
Retests Are Common : After breaking out, it's common for the price to retest the trendline, but not always.
Set Clear Targets : Using Fibonacci targets or horizontal resistance levels helps in setting realistic exit points. In volatile markets, identifying a "war zone" of Fibonacci levels can be an effective strategy to scale out or close positions.
Respect Your Exit Strategy : Especially after a significant price spike, adhering to your predetermined exit plan is crucial to capitalize on gains and minimize losses.
Final Thoughts
For novice investors, the UNI case is a good lesson in the principles of market analysis and trading discipline. It teaches the importance of recognizing trend reversals, setting clear goals, and adhering to a strategy despite market volatility. As you go on your trading journey, remember that knowledge, strategy, and discipline are your best tools for navigating the crypto markets. Whether it's UNI or any other asset, informed decisions and a clear plan will guide your path to success.
✴️ Uniswap Long-Term Chart (Market Cycles Explained)Starting June 2022 through October 2023 is the consolidation phase... Let me show you the chart without the logarithmic scale, it shows quite clear what I mean.
See what I mean?
It is basically flat after the bull/bear market.
This type of action always precedes a new trend.
The question would be: Which way is it going, down or up?
After the major bull market a strong bear market (long-term correction) followed.
The market moves in cycles.
We have the bull market, one cycle. Then the bear market, another cycle...
Consolidation is kind of a pause... After the bear market we get a bull market as the next cycle.
This works for Cryptocurrencies of course, others assets can be different, we are not concerned with those.
Next question: Does the chart provide clues for the next direction?
Yes it does!
Follow me my friend, boost and comment as we dive deeper into this chart.
➖ Last week UNIUSDT produced the highest volume since May 2021, so buying has been turned on.
➖ This week UNIUSDT is already trading above EMA21 and EMA10, so the potential is now favoring the bulls.
➖ The RSI is about to hit 50 (bullish) with prices being really low, near support.
All these are bullish signals that support a bullish move, a bullish trend.
Thank you for reading...
Thanks a lot for your continued support.
Namaste.
✴️ Uniswap Bullish Breaks Long-Term Consolidation PatternQuite the boring title you have there, it leaves no room for guessing.
We are looking at a weekly timeframe and the current session trades at the highest level to the upside since July 2022. Last week closed full green and so far this week is full green as well. Uniswap strong bullish bias confirmed.
A 525 days long consolidation pattern has been broken to the upside, this signal as well indicates potential for long-term growth. Long-term because of the higher highs and higher higher lows but a bullish wave can last a few weeks to a few months max, then a correction that ends higher compared say to October or June 2023, much higher.
We are very early overall... The next bull market is very like to produce a new All-Time High reaching prices off the chart.
Namaste.
📊#UNI double bottom target achieved🚀🌕💥It's great to see pumps like this and I'm lucky the market has developed as expected. We used 20% of the position to achieve the final goal and achieved a rate of return of 2000%+. Congratulations to the friends who followed Wolf King to print money.🍻🍻🍻
🧠From a structural point of view, the goals of our double bottom long structure have been fully achieved, and were rejected after touching the price reversal zone. Pay attention to locking in profits and closing positions in a timely manner. The realization of the target at the macro-cycle level means that it may be accompanied by macro-cycle-level adjustments, so please be cautious in pursuing the rise.⚠️
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UNI/USDT - Long and Short PlaysNot really sure about this one, as I'm expecting BTC to do a fat ABC retrace after the Elliott Wave that recently finished playing-out (see last two posts) - If BTC does retrace, ALTs should follow.
Ignoring all timings. I'm only focusing on the Elliott Wave counts and any confluence.
For UNI/USDT, I've got 3 x Elliott Waves to give me short, medium and long terms plays in both long and short directions.
Red EW- Long term (1D).
Blue EW - Medium term (4h).
White EW - Short term (1h).
Short term - White EW
Assuming we've already bounced off the white wave-4, I'm now looking for price to tap wave-5 @ 2.618. However, if wave-4 hasn't hit yet, price could first come down as low as the white wave-1 peak.
Medium term - Blue EW
After the blue wave-3 gets tapped @ 1.618, we should retrace to create wave-4. This could be as low as the blue wave-1 peak.
Once wave-4 is complete, we should head up to wave-5 @ 2.618.
Blue wave-5 also aligns with the Point of Control (POC) on my Volume Profile.
Long term - Red EW
After we retrace from Red wave-1 to wave-2, price should back head up to the red wave-3 range @ 1.618.
I think UNI will top at the red wave-5 range @ 2.618.
Red wave-5 also aligns with the Value Area High (VAH) on my Volume Profile.
I put a fib extension on my Volume Profile:
Red wave-3 taps the Volume Profile's 1.618.
Red wave-5 taps the Volume Profile's 2.618.
Let's see...
UNI/USDT Bullish ride boom from demand?🚀 uniswap
💎 Yello Paradisers! Dive into an electrifying opportunity with #UNIUSDT as it's showing some lively action within a trading range, signaling upcoming price action from the demand zone.
💎 Focusing on #UNISWAP, it's been acknowledging its short-term ceiling at a supply level of $6.630. We're setting our sights on a bullish breakout from the demand area at $5.570, assuming the price continues to rally at this critical level. Achieving this could catapult it through the supply barrier and onto a bullish path.
💎 Eager to seize all possibilities? Stay vigilant for any #UNI downturns below the demand zone. Should that happen, prepare for a strategic play: a bullish rebound from the deeper demand zone at $5.256, buoyed by significant liquidity. Falling further? Gear up for more challenges ahead.
Potential UNI/USDT SHORT.A kinda risky but a good opportunity for a short trade on UNI/USDT BYBIT.
Consolidation could have been better, so this trade is a kinda risky one, as stop loss are kinda high also. I would not go into this trade with high leverage.
But the potential are there and its looking well, kinda depends on btc for now. As btc daily closed below 52k, the risk for a pullback are kinda high, so this trade also depends on what btc would do. But i have taken some tp lines at where i would take profit, and move stop loss to first tp and ride the trade for free. If the price were to go up you would breakeven.
Uniswap(UNI): Bounced From 200EMA Uniswap Coin has had a nice bounce since 200 EMA, and now it has reached that smaller resistance, which is the next point of interest for us.
We have displayed 2 zones that have to be kept an eye on for a potential sale entry. Once we see a weakness to kick in in either the upper zone or lower zone (resistance), we will be looking for a setup here!
Swallow Team
📊#UNI reaches the daily level TP zone✔️💥Glad the market developed as expected and we continued the bullish strength following a cup-and-handle bullish structure. At present, 80% of the main profits have been locked in batches, and the risk-free setting has been set. The rate of return has also reached an astonishing around 1300%. The profits are already generous enough. Congratulations to the friends who followed Wolf King to print money.💰🚀🌕🍻
🧠I don’t know whether it will continue to rise in the future, but we can continue to expect more without risk, and use small things to make big gains. Because looking at the weekly level structure, our double bottom long goal has not yet been fully realized (you can check the corresponding views in previous analysis posts), so this is worth looking forward to.☕️🙏🎯
➡️I hope to successfully break through the short defensive point during this rise. If successful, it means that the short structure is broken, which means that we can still continue to be bullish after the callback occurs.☕️
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UNI Lights the Path: Get In on the Buy Action Today!"## UNI Coin: Fundamentals, Recent News, and Disclaimer
**Fundamentals:**
* **Uniswap (UNI):** A decentralized exchange (DEX) built on the Ethereum blockchain. Allows users to trade cryptocurrencies directly with each other, eliminating the need for intermediaries.
* **UNI token:** The native token of Uniswap. Used for governance (voting on protocol changes) and fee discounts.
* **Total supply:** 1 billion UNI, with about 60% currently in circulation.
* **Current price (as of Feb 12, 2024):** $5.54 (market cap: $3.32 billion)
**Recent News:**
* **Uniswap v3 launched on Optimism**: Optimism is a Layer 2 scaling solution for Ethereum, allowing faster and cheaper transactions. This could attract more users to Uniswap and boost UNI demand.
* **SushiSwap partnership**: Uniswap and SushiSwap, another DEX, agreed to collaborate on shared liquidity pools. This could increase liquidity and trading volume across both platforms.
* **Regulation concerns**: Regulatory scrutiny on cryptocurrencies could create uncertainties for UNI and the wider crypto market.
**Disclaimer:**
* I am not a financial advisor and this is not financial advice.
* Investing in cryptocurrency carries significant risks, including potential loss of principal.
* Always do your own research before making any investment decisions.
**Additional Resources:**
* Uniswap website: (uniswap.org)
* UNI tokenomics: (gov.uniswap.org)
* CoinMarketCap UNI listing: (coinmarketcap.com)
**Please note:**
* The information provided above is intended for informational purposes only and should not be considered investment advice.
* The cryptocurrency market is volatile and constantly changing, so it is important to stay up-to-date on the latest developments before making any investment decisions.
Trade Opportunity MartyBoots here. I have been trading for 17 years and I am here to share my ideas with you to help the Crypto space.
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ACE Is a new coin and new coins have been doing very well. I am long this coin with a stop loss in place but I am looking to add to this on dips .
There is very good opportunity here but listen to the video carefully and never take unnecessary risks ....
The ALT Market is in its bottoming phase, be prepared. ALT Season is coming. This is the time when its possible to make life changing money .
Do NOT miss out on this coming bull market
UNI ANALYSIS (4H)structure according to bearish CH And iBOS is bearish.
The previous lows have all been cleared and the price has hit a support.
Now we need a range where there is a significant sell order to continue the decline.
We have marked the good area where there is a sell order on the chart. It is expected that the price will reach this range with fluctuations and then we will see a drop
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
📊UNI may continue to rise according to the cup handle structure🧠We entered the daily level adjustment after completing the double bottom long structure target at the weekly level, and now the correction may have been completed. At the same time, we reached the buy zone that we focused on in the previous post, and formed a bullish cup-and-handle structure in the buy zone, looking forward to the continuation of the rebound power.🙏📈
Let's see👀
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