UNI Futures Analysis: Key Triggers Amid Bullish Momentum✨ Welcome to Today's Uniswap (UNI) Futures Analysis
In this analysis, I’ll be examining the UNI token, highlighting potential entry and exit points for futures trading based on both daily and 4-hour timeframes.
🥸 About Uniswap (UNI)
Before diving into the charts, here's a quick overview of Uniswap. As one of the largest decentralized exchanges (DEX) in the DeFi ecosystem, Uniswap operates on Ethereum and its layer-2 solutions, facilitating asset swaps and enabling users to earn through liquidity provision. The platform's native token is UNI, which I'll be analyzing today.
📅 Daily Timeframe Analysis
On the daily chart, UNI hit a peak of $15.398 before beginning a downtrend, culminating in two major bearish waves that brought the price down to $5.59 support. Throughout this decline, volume steadily decreased, with a notable high-volume selloff candle at $5.59 signaling the start of a corrective phase. The price then climbed to the $7.667 resistance, where it was rejected once but is currently making another attempt to break through.
📊 Concerns Around Decreasing Volume
A key issue during this phase is the declining volume on both buying and selling sides, suggesting a lack of active participation from both bulls and bears. This may indicate that large investors or "whales" are temporarily pulling funds from UNI, reducing its attractiveness for spot buying.
🔽 Stop-Loss Strategy for Existing Holders
For current holders looking to manage risk, I recommend setting a stop-loss if the price falls below the $5.59 support level. A close below this zone could lead to further declines toward $4.816 and $3.868. Personally, I would trigger my stop-loss on a confirmed candle close below $5.59.
📈 Futures Trading Triggers
For futures trading, a breakout above $7.667 could be a good long entry trigger, with targets at $8.668 and potentially as high as $11.983. If the RSI moves into overbought territory and holds, we might see a strong price surge as market excitement builds.
📉 Short Position Triggers
On the short side, a break below $6.369 is a valid trigger, as this level has been tested twice before. A third touch and break could offer a solid opportunity for momentum traders. Another short trigger lies at $5.59, and if the price settles below this level, a sharp drop may follow.
⏳ 4-Hour Timeframe Analysis
In the 4-hour timeframe, UNI has been trading within a range of $5.59 to $7.829. Trading within this box requires careful risk management, as the price could move unexpectedly before a position is activated.
📈 Long and Short Triggers on the 4-Hour Chart
For long positions, a break above $7.387 within this range is a suitable trigger, targeting the top of the box. On the short side, a break below $6.511 would be a valid trigger, aiming for the bottom of the range.
📝 Bullish Momentum Prevails
Currently, bullish momentum is stronger than bearish, as reflected in Bitcoin’s price action. As long as Bitcoin maintains its upward trend, I prefer focusing on long positions over short ones in UNI futures.
❌ Disclaimer
This analysis represents my personal opinions and is not intended as financial advice. Please conduct your own research before making any trading decisions.
UNIUSDT trade ideas
UNIUSDT Buy opportunityUNIUSDT has made a significant breakout from its downtrend and is now consolidating, indicating potential for a major upside move.
The buy-back zone presents a good opportunity for accumulation, while the immediate target zone should be monitored for weak resistance.
The major supply zone remains the final sell-off area for this setup and the major demand zone will be massive accumulation area if price ever test the zone.
Do share your thought about this coin setup.
UNISWAP is ripe for BUYINGThere have been frequent innovations from uniswap lately. The recent one is the V4 which is slated for launch in the Q4 of 2024. Once launched, Uniswap will have exclusive access to their V4 innovations for four years.
The #Uni V4 is built by the broader Uniswap community.
With this exciting news, coupled with my technical analysis idea that BME:UNI is overbought and currently at a ripe demand zone, this is a bullish sentiment. #dyor #nfa
UNIUSDT.P MEXC - WEEKLY TIMEFRAME CURRENT OUTLOOK VIA WYCKOFF Clear chart of uniusdt.p with the elements of wyckoff methodology plus PA of my own.
DYOR
added more uni, super bullish right now, fibonacci levels never proven me wrong.
right now after careful outlook at volume + key levels we see the creation of a high resoulotion tf CHOCH
this is a clear bull sign, i think take off is near.
would love to answer any questions.
UNI (Uniswap): Channel Down BreakoutTrade setup : Price is in a Downtrend, however, it had a bullish breakout from Channel Down pattern, above $6.50 resistance, which could signal at least a temporary bullish trend reversal, with upside potential to $8.00. Stop Loss at $5.40. This is a riskier trade setup because it’s a trend reversal not a trend continuation setup. It’s against the overall downtrend. Learn to trade breakouts in Lesson 7 and Risk Management in Lesson 9. Uniswap is the biggest DEX – see On-chain data, and has been a beneficiary of the move to decentralized exchanges and non-custody trading solutions.
Pattern : Price is trading in a Channel Down pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With complete patterns (i.e. a breakout) - initiate a trade when the price breaks through the channel's trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout. Learn to trade chart patterns in Lesson 8.
Trend : Short-term trend is Strong Down, Medium-term trend is Down and Long-term trend is Strong Down.
Momentum : Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance : Nearest Support Zone is $5.60, then $4.80. Nearest Resistance Zone is $6.50, then $8.00.
UNI (Uniswap): Channel Down BreakoutTrade setup : Price is in a Downtrend, however, it had a bullish breakout from Channel Down pattern, above $6.50 resistance, which could signal at least a temporary bullish trend reversal, with upside potential to $8.00. Stop Loss at $5.40. This is a riskier trade setup because it’s a trend reversal not a trend continuation setup. It’s against the overall downtrend. Learn to trade breakouts in Lesson 7 and Risk Management in Lesson 9. Uniswap is the biggest DEX – see On-chain data, and has been a beneficiary of the move to decentralized exchanges and non-custody trading solutions.
Pattern : Price is trading in a Channel Down pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With complete patterns (i.e. a breakout) - initiate a trade when the price breaks through the channel's trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout. Learn to trade chart patterns in Lesson 8.
Trend : Short-term trend is Neutral, Medium-term trend is Down and Long-term trend is Strong Down.
Momentum is Bullish but inflecting. MACD Line is still above MACD Signal Line but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum could be nearing a downswing. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance : Nearest Support Zone is $5.60, then $4.80. Nearest Resistance Zone is $6.50, then $8.00.
UNIUSDT.PHM Triangle BO v1.0 spotted. Looking good with previous wave down with increasing volume and momentum.
- BOS (Breaks of Structure) at @ 6.774-6.882 level
- Trending slow and steady if able to hold below the BOS level
It is at extremely good reward to risk level if able to break up the upward trendline.
UNISWAP Price Update and TA in Weekly TimeframeHello everyone, I’m Cryptorphic.
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Now, let’s dive into this chart analysis:
On the weekly timeframe, UNI is holding both the support trendline and the horizontal ray support, ranging between $3.89 and $4.67. This is a crucial support range for UNI, and maintaining this range will likely lead to a rebound followed by a bullish move.
The actual confirmation of a bullish trend will occur when UNI breaks above the resistance trendline. For now, a rebound is essential for the price to remain positive.
Key levels:
- Primary Support: $4.67
- Lower Support: $3.89
- Primary Resistance: $$11.68
- Long-term Target: $40-$45 (8x gain).
DYOR. NFA.
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UNI Perpetual Futures Contract - SHOOORTUniswap hasn't been performing well for a while; the price has been bearish. After TP4 is reached, we can start looking for a recovery. Expect high volatility soon and a strong bounce once TP4 is hit.
BINANCE:UNIUSDT.P
SL & TP Indicated in chart
Manage your leverage responsibly
Uniswap (UNI): Will Drop To Support ZoneUniswap is back with nice pressure from sellers, where we are seeking the support zone to be reached within a few days.
From there on, we will be looking for some kind of bullish movement or a quick liquidity grab near our zone of liquidity, so let's wait for the support zone to be reached and gather some more confidence all the way down there!
Swallow Team
Uniswap (UNI): Possible Movement Towards Liquidity ZonesUniswap is looking interesting here after multiple rejections from 100EMA.
We are looking here for a grab of liquidity to happen in lower zones while staying below 100 EMA, but we also keep an eye on that EMA. If we see any breakouts in both 100 and 200 EMAs, then we will be looking at completely different movements, but so far we are waiting on downward movement!
Swallow Team