UNIUST trade ideas
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
📊#UNI The next buying area worth paying attention to👀➡️Our rocket launched successfully. 🚀🌕
After completing the target, the main profit has been locked. Because the selling pressure in the target area is very large, it is necessary to reduce holdings. It is also to prevent a sharp retracement of profits. At the same time, congratulations to our friends who followed Wolf King to print money. We have successfully obtained a rate of return of about 1,600%. 💰🚀🌕🍻
🧠At present, the target area of the double bottom bullish structure has not been fully realized, and we have successfully broken through the previous high. There is still a lot of space waiting for us above, so it is still worth looking forward to. It would be very interesting to see if the price could move back into the buy zone.
⚠️Note that when we reach the buy zone, we still need to identify more signals and entry opportunities. ☕️
Let’s see 👀
🍻I have helped everyone make money, so I hope you can also help me. Please remember to like❤️share my analysis posts and channels. 📤
UNI "Unlocking Potential: The Perfect Entry Point for Profits **Short Fundamental Analysis of UNI Coin**
Uniswap (UNI) is a leading decentralized exchange (DEX) that allows users to trade cryptocurrencies without the need for an intermediary. The UNI token is the governance token of the Uniswap protocol, and it allows holders to participate in decision-making processes for the future of the protocol.
**Key Points**
* Uniswap is the most popular DEX on Ethereum, with over $489 billion in trade volume.
* The UNI token has a market capitalization of over $4 billion.
* UNI holders can participate in governance proposals that affect the future of the protocol.
* UNI is used to incentivize liquidity providers on the Uniswap platform.
**Recent News**
* In September 2023, Uniswap launched its V4 protocol, which introduces a number of new features, including concentrated liquidity pools and dynamic pricing mechanisms.
* In November 2023, Uniswap Labs announced the launch of its Uniswap Grants Program, which will provide funding to developers building on the Uniswap protocol.
* In December 2023, Uniswap was integrated with the Coinbase Wallet, making it easier for Coinbase users to access the DEX.
**Disclaimer**
Investing in cryptocurrencies is inherently risky. Please do your own research before investing in any cryptocurrency, including UNI.
**Additional Notes**
* Uniswap is a relatively new project, so there is still a lot of uncertainty about its future.
* The price of UNI is volatile, and it is possible to lose money investing in it.
* You should only invest money that you can afford to lose.
**Conclusion**
Uniswap is a promising project with a lot of potential. However, it is important to be aware of the risks involved before investing in UNI.
UNIUSDT - Bullish OutlookI'm planning to initiate a long position in UNIUSDT at the current market price of 4.17. This decision is rooted in a technical analysis that indicates a bullish trend.
The primary reason for this trade is the breakout from a trendline on the 1-day time frame, which has recently been retested and is now acting as support. This suggests a strong potential for a bullish continuation.
In addition to the trendline breakout, there is a bullish divergence observed in the Relative Strength Index (RSI), further supporting the bullish outlook.
To manage risk, I've set a stop-loss order at the level of the last lower low, which is at 3.75. This stop-loss level is designed to limit potential losses in case the market moves against the trade.
Furthermore, I'm aiming for a target price of 6.70, with the intention of implementing a trailing stop-loss to protect profits as the trade progresses.
It's important to note that trading carries inherent risks, and using sound risk management principles is crucial. Additionally, always consider your own risk tolerance and stay informed about market conditions when implementing trading strategies.
UNI - Wyckoff Accumulation SOS/LPS + Volume#UNI
I love to see these #Wyckoff Schematics play out, so profitable if you just add patience to your toolkit.
This is exactly what we want to see, after the breach of the heaviest #resistance on chart, then that coil up resting on top of the now #support followed by that retest with heavy #volume sling shotting PA into infinity.
If you missed the Spring and Adam & Eve at the bottom, and somehow all the signs before this, you still have time, you know what to do...
UNI TARGETING FOR $18Embark on an insightful exploration of UNI's recent market maneuvers, dissecting its tactical prowess and decoding the signals that underpin its bullish trajectory. Let's delve into the specifics of UNI's recent actions and what it means for traders.
Strategic Retests: A Show of Resilience:
Zone of Resilience:
UNI has strategically revisited the lower boundaries of its support zone on multiple occasions.
These calculated retests highlight the coin's robust bullish sentiment and its ability to withstand market pressures.
Breaking the Chains: Triumph Over the Downtrend:
Monumental Breakthrough:
UNI emerges victorious by decisively breaking a significant downtrend line.
This breakout marks a substantial shift in the market dynamics, affirming UNI's newfound strength.
Deciphering Manipulation Tactics:
Crafted Maneuvers: Range Breach and Imbalance Retest:
What initially seemed like market manipulation beneath the range level unfolds as a well-thought-out strategic move.
A subsequent retest of the imbalance zone serves to solidify UNI's commitment to overcoming resistance.
Setting the Target at $18:
Navigating the Path to $18:
UNI's strategic maneuvers position the coin for a steady ascent, with a specific target set at $18.
The trajectory reveals a bullish narrative, drawing attention from traders keen on capitalizing on potential opportunities.
Insights for Strategic Navigation:
UNI's recent market actions, characterized by methodical retests and breakthroughs, project a bullish sentiment. As traders navigate this landscape, keeping a watchful eye on potential entry points and understanding the implications of UNI's strategy is crucial.
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