🔄 UNI: Unveiling Market Fractals! Insight🔄Analyzing UNI's historical price action reveals intriguing fractal patterns, particularly within the context of bullish wedges. A closer examination of these fractals provides valuable insights for potential trading strategies.
📉 Technical Analysis:
🔄 Understanding Fractals:
Fractals, repeating geometric patterns, manifest in financial markets, signaling a resemblance in market behavior across different time frames. UNI exhibits a notable bullish wedge, mirroring patterns from its trading history.
📚 Historical Recap - 2021 Bearish Trend:
Reflecting on 2021, UNI initiated a bearish trend marked by a deceptive breakout from a short-term bearish wedge. The subsequent downturn became a reference point for understanding the current market dynamics.
📈 Trading Dynamics:
🔄 Repetition of Fractal Dynamics:
The present scenario unfolds a larger bullish wedge, characterized by a recent sweep from the top, resembling the 2021 pattern. This could imply a potential repetition of historical price movements.
📉 Anticipated Price Action:
Expectations center around a retest of the lower boundary of the wedge, aligning with historical fractal behaviors. Following this retest, a potential upward movement toward the $20 level becomes a plausible scenario.
🔮 Future Implications:
Understanding and leveraging fractal patterns provide a strategic advantage, allowing traders to anticipate potential market movements based on historical resemblances.
🔒 Unlock my 3 crypto trading indicators for FREE Below! 🔗
UNIUSDT trade ideas
UNISWAP Analysis @Gunshot321Hello Traders
Uniswap looks like a positive buy post the consolidation since 2022, if breakout sustains targets have been marked for longterm hodlers.
Expectation of $3600 if whales do enter to grab the opportunity.
Look out for volumes in the upcoming months.
Best Regards
UNIUSDT T=9.8
T2=11.48
In technical analysis, a triangle is a continuation pattern on a chart that forms a triangle-like shape.
Triangles are similar to wedges and pennants and can be either a continuation pattern, if validated, or a powerful reversal pattern, in the event of failure.
There are three potential triangle variations that can develop as price action carves out a holding pattern, namely ascending, descending, and symmetrical triangles.
Uniswap / governance protocol poised for success in bull-runAfter multiple bounces along the Purple support zone (3.32) - it seems inevitable that we are going to test the next resistance level at $7.72.
If we can successfully break that level my next targets are as follows
Target 1: $10.17
Target 2: $20.20
Mid/Long term target 1: $29.60
Mid/Long term target 2: $35.74
UNI is the governance token for Uniswap. UNI was introduced on 16th September 2020 through a retrospective airdrop to users who have interacted with the protocol either by swapping tokens or by providing liquidity.
The UNI token allows token holders to participate in the governance of the protocol. Key decisions such as usage of the treasury or future upgrades can be decided through a governance vote.
What is Uniswap?
Uniswap is a decentralized exchange (DEX) that makes it easy for users to swap an ERC-20 token for another ERC-20 token without the need of a centralized intermediary. With a DEX, traders do not have to deposit their tokens on an exchange and be exposed to the security risks of a centralized exchange.
Users just need an Ethereum wallet like Metamask and they can immediately start swapping tokens. Users can then swap tokens directly without the need of an orderbook. This works using an Automated Market Maker (AMM) where Liquidity Providers (LP) deposit tokens into the smart contract and this liquidity then provides a price quote to traders without relying on any professional market makers. Liquidity Providers are compensated with a 0.3% trading fee for providing liquidity on the protocol
UNI ANALYSIS🔮 #UNI Analysis 🚀🚀
💸💸 As we said in our earlier post, #UNI has performed well. We almost reached our first resistance very easily. 50% + movement done from the day we posted #UNI analysis. If #UNI breakout the major resistance and closes above the resistance then we will see more gain📈📈
📌Current Price -- $6.640
🔰Target Price -- $9.289
⁉️ What to do?
- We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸
🏷Remember, the crypto market is dynamic in nature and changes rapidly, so always use stop loss and take proper knowledge before investments.
#UNI #Cryptocurrency #DYOR
Uniswap(UNI): Will Ascending Channel Fail?UNI has been trading in the ascending channel for some time now, bouncing from one side to another.
With pressure from overall markets, we are looking here for a potential price movement to lower zones of that channel and potentially breaking it as well!
Swallow Team
$UNIUSD: Low risk daily trend reversalUniswap offers a nice trend signal forming here, if it closes strongly up today, it has a good chance to rally as per the chart pattern I labeled here.
The trade is invalid if it moves below the level where it was accumulated at, the Mode in Time@Mode terminology.
Best of luck!
Cheers,
Ivan Labrie.
UNI/USDT Assessing Bullish Potential After Resistance Breakout?💎Paradisers, let's focus on #UNIUSDT as it exhibits a notable market shift. Recently breaching a key resistance level, it is now hinting at a strong bullish momentum following a retest.
💎 Observing #Uniswap trend, we've seen it effectively navigate a descending channel, breaking above and initiating an upward trajectory. Currently, after breaking the robust resistance at $7.611, there’s an anticipation that this level will now serve as support post-retest. This could set the stage for a bullish movement aiming to challenge the substantial supply level at $12.015.
💎 However, given the crypto market's inherent unpredictability, it's crucial to be equipped for varying outcomes. If #UNI fails to maintain its new position post-resistance breakout, a strategic pivot may be required.
💎This could involve gearing up for a bullish recovery from the lower Bullish Order Block (OB) at $6.186. Caution is advised, as a decline below this OB level could signal a trend shift towards bearish territory.
UNI ANALYSIS (1D)We seem to be in a big wave B which consists of 3 ABC waves. Wave B of B looks like a diametric, now we are inside the g wave of this diametric. In the red box, the rise of this coin can end and enter the falling wave C.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You