📚Learn More💰Earn More - Inverse Head and Shoulders in UNIUSD📚 LEARN MORE
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Inverse Head and Shoulders Definition:
A head and shoulders pattern is also a trend reversal formation.
It is formed by a Valley (left shoulder), followed by a Lower Valley (head), and then another Higher Valley (right shoulder).
A “Neckline” is drawn by connecting the highest points of the two Peaks. Neckline resistance does not need to be strictly horizontal.
This illustrates that the downward trend is coming to an end.
When a Head and Shoulders formation is seen in a downtrend, it signifies a major reversal.
The pattern is confirmed once the price breaches the neckline resistance.
In this example, we can easily see the head and shoulders pattern.
How to Trade the Head and Shoulders Pattern:
ENTRY:
we put an entry order above the neckline.
TARGET :
We can also calculate a target by measuring the lowest point of the head to the neckline.
This distance is approximately how far the price will move after it breaks the neckline.
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UNIUST trade ideas
Trading opportunity for UNIUSDT UniswapBased on technical factors there is a Long position in :
📊 UNIUSDT Uniswap
🔵 Long Now 6.74
🧯 Stop loss 6.12
🏹 Target 1 7.30
🏹 Target 2 8.00
🏹 Target 3 9.44
💸RISK : 1%
We hope it is profitable for you ❤️
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UNIUSDT wants the breakout? Need the Volume!The price is testing the daily resistance as new support at 6.5$ area.
The market needs to create a new breakout and flip the supply zone into new support
How to approach it?
IF the price is going to have a breakout from the descending channel and retest the resistance as new support, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ black structure -> <= 1h structure.
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Follow the Shrimp 🦐
UNI - AnalysisLast week, UNI stopped its uptrend at the $6.50 resistance area, and given that this resistance area was broken down in the past with strength and is considered a reversal zone in the 4-hour time frame, it can still Be accompanied by a negative reaction. For this purpose, you can consider a downward trend line on the last waves in the 4-hour time frame. If the downward trend line is broken due to the negative divergences of the RSI indicator in the 4-hour timeframe, we can expect to see the price drop again towards the support of $5.
But if the efforts of the buyers can bring the price back above the resistance of $6.60, we can expect the price to grow to the resistance range of $7.45 to $7.88. But we expect a stronger reaction in this range. The trend is still bearish on the daily time frame, and there is a possibility of a retest of previous support levels. The RSI indicator shows a hidden positive divergence in the daily time frame, but there is no definite sign of trend reversal yet. Therefore, the support of the rising trend line can be very helpful this week.
UNIUSDT 1D Interval- Targets and StoplossHello everyone, let's take a look at the 1D UNI to USDT chart as you can see the price is moving above the local uptrend line.
Let's start by setting goals for the near future that we can consider:
T1 - $ 6.65
T2 - $ 6.88
T3 - $ 7.08
T4 - $ 7.28
and
T5 - $ 7.56
Now let's move on to the stop loss in case of further market declines:
SL1 - $ 6.35
SL2 - $ 6.08
SL3 - $ 5.86
SL4 - $ 5.64
and
SL5 - $ 5.33
Looking at the CHOP indicator, we can see that in the 1D range we have recovered a lot of energy and the MACD indicator shows a local upward trend.
UNIUSDT LongSince the price formed the lowest low @5.25, it has been on a bullish momentum until it formed the highest high, and the price has been forming a bullish pennant, which might be a strong indicator of a potential bullish momentum.
I am waiting for the price to break out of the pennant, and retest the zone I have highlighted so that I can enter my position.
The entry position is @6.52, Stop loss @6.1, just below the support zone. Tp 1 @6.94, Tp 2 @7.37, Tp3 @7.79
My R: R is 1:3.
Remember to risk 1-2 % of the account.
UNI - not bullish let me rephrase - It looks okay for short term, but I wouldn't be expecting it to break up - unless whole crypto bounces up. Taking into account nowadays situation - I'd expect a retouch of the top of the trendline and a fall to lower support. UNI has been pumped since the beginning which suggests to me that it was artificially pumped to get liquidity into this asset. More downside to me.
#Uniswap Adds 20%, UNI Resistance at $6.8Past Performance of Uniswap
Uniswap is up 20 percent from September 2022 lows, per the formation in the daily chart. Despite the shake-off of September 29, the uptrend in the short term remains valid, and $5.2 is a clear support level. In the past trading week, the token is up 10 percent, outperforming the USDT and the stagnating BTC.
#Uniswap Technical Analysis
The uptrend is valid, as mentioned earlier. Still, conservative traders can wait for a break above $6.8 before loading on dips in a bear continuation formation. If buyers have the edge and UNI soars to new weekly highs, the token could rally to $9.5, allowing traders to hitch the ride up. That will also confirm the significance of $5.2, a reaction line coinciding with the 61.8 percent Fibonacci retracement level of the June to August 2022 trade range. There will be a reason to worry if UNI slumps from spot rates below $5.8 since this could see bears of September 13 flow back, heaping more pressure on the token.
What to Expect from #UNI?
Uniswap, like most DeFi tokens, has been decimated by bears over the last ten months. Currently, UNI is at a minor liquidation level. However, if there are gains above this M-formation, UNI will likely rally and retest August 2022 highs. Contrary to this outlook, the token will snap bearish if bears press on, diffusing the current upside momentum.
Resistance level to watch out for: $6.8
Support level to watch out for: $5.8
Disclaimer: Opinions expressed are not investment advice. Do your research.
$UNI - Catching Up with $QNTHello my Fellow TraderZ,
This is very interesting to see how the #DEFI with strong fundamentals are showing the sign of reversal to the upside Breakout.
Here we have $UNI/Usdt chart exactly the replica of $QNT which recently broke its Inverse Head and Shoulder Pattern and currently retesting to confirm the Breakout.
$UNI is also about to complete the Right shoulder of the Inverse H&S. If this pattern plays out, will see a handsome profit of ~82% with upside movement. All eyes on #Btc which could anticipate this breakout.
Till then Happy Trading. CHEERS!!!
UNI - Potential SHORT -15MIN/1HR - Binance for BINANCE:UNIUSDTPETrading view post:
Trade Status: ACTIVE
Trader: Drizzzled (AUS)
Trade Type: SHORT
(RE-ENTRY/DCA ABOVE previous entry post)
Entry 1: 6.42 (entry 1 box options)
-if missed focus on next entries. Don’t stress.
Entry 2: 7.04 “”
Entry 3: 7.95 “”
Entry 4: 8.88 “”
Entry 5: 9.60 “”
Entry 6:
Entry 7:
Stop Loss:
Entry 1: Gann stop loss - 6.64 (entry 1 only)
-5-10% move from your chosen entry 1
-slightly above entry/key resistance
-1:1 or to own personal risk factor
Entry 2: “”
Entry 3: “”
Take Profit Targets:
-6.23 (800ema)
-6.01 (50ema tp)
-5.85 (200ema tp)
-
-
Comments:
-move stop loss to break even once target 1 is hit. DCA entries above/below if stop loss is hit.
-emas will rise/drop with time so shift tp accordingly. If we re-enter higher/lower our same emas become our take profits. Also i have put boxes around key supports which I may choose to take earlier or later profits at too.
-by all means you can long from the daily open to these higher target ‘short’ entries.
-you don’t have to enter at ‘entry 1’ if you would rather enter higher.
-level 1,2 or 3 ,pumps/moves, can go higher and create new levels, hence the re-entries. It’s a shorter time frame strategy.
UNIUSDT(Uniswap) Daily tf Range Updated till 27-09-22UNIUSDT(Uniswap) Daily timeframe range. one of the sad part of this alt is even tho it got actual utility and devs support, it still had a very long bleeding. good part is its still got retail interest and volume which makes it less unstable more tradable. there are lots of options for a daytrader in this chart and we can see the activity too on its many smaller range moves.
UNI Short @ 6.25 10x leverageMomentum upward is interacting with the 200-day EMA on a 4-hour chart. We've seen clear reversals happen from these points in the past.
We're far overextended in RSI.
Our MACD and TSI are starting to cap out as well.
VPVR is showing we're at one of the main volume ranges. I believe we'll see a pullback soon and I may add onto this position.
Falling Wedge Continuation Chart Pattern DefinationThe falling wedge pattern is characterized by a chart pattern which forms when the market makes lower lows and lower highs with a contracting range. When this pattern is found in a downward trend, it is considered a reversal pattern, as the contraction of the range indicates the downtrend is losing steam. When this pattern is found in an uptrend, it is considered a bullish pattern, as the market range becomes narrower into the correction, indicating that the downward trend is losing strength and the resumption of the uptrend is in the making.
In a falling wedge, both boundary lines slant down from left to right. The upper descends at a steeper angle than the lower line. Volume keeps on diminishing and trading activity slows down due to narrowing prices. There comes the breaking point, and trading activity after the breakout differs. Once prices move out of the specific boundary lines of a falling wedge, they are more likely to move sideways and saucer-out before they resume the basic trend.