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UNI / TetherUS

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UNIUSDT trade ideas

#Uniswap Rises 180%, UNI may expand to retest $14Past Performance of Uniswap Uniswap is currently up 180 percent from 2022 lows, inching higher as the crypto tide shifts to favor buyers. UNI is within a bullish breakout formation, adding 10 percent in the past 24 hours to confirm gains posted on July 27. From the daily chart, the odds of UNI further expanding and breaking higher above July 2022 highs remain high. #Uniswap Technical Analysis From the daily chart, UNI prices have strong support at the middle BB, bouncing from the dynamic support level and closing on retesting July 2022 highs. The primary resistance is around $9.7; buyers could clear this level, rising to April highs at about $14. Considering this possibility, traders may find entries to buy the dips with primary support at $8 with targets at $14 in the medium term. Any shift in momentum, forcing prices below this week's low and the 20-day moving average, may see UNI dump to $6. What to Expect from #UNI? Traders are confident, and UNI holders expect more gains in the days ahead. The rejection of bear pressure and the explosion of prices on August 10, following through on July 27, is massive for Uniswap. Based on the current setup, UNI could have more headroom in the subsequent session following steep, crashing losses in H1 2022. Resistance level to watch out for: $9.7 Support level to watch out for: $8 Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
UNIUSDT is creating a bullflagThe price is creating a bullflag on 4h timeframe below the 9.5$ area. the market had a nice breakout from the daily support and after a perfect bounce on 0.5 Fibonacci level the price is trying to create a new breakout How to approach it? IF the price is going to have a breakout from the 4h resistance, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip