UNOUSDT trade ideas
UNO : Lowcap gemLooks like wave 3 complete and waiting on wave 5.
Fundamentals on this one strong, but a token unlock is on the horizon at the end of August. From what I understand the unlock is spread over several months and happens once a week which should hopefully ease the dumping. Hoping to get this 5th wave in before the unlock.
UNO : UNORE bullishConsolidating in bull flag pattern. Insurance for insurance companies. Lots of partnerships and backed by Kucoin and OKex.
UNO - Hidden low cap gemHere's one I picked up on a whim some weeks ago. A case where the absurd Ethereum fees actually helped me as I was going to sell during that accumulation, before Kucoin listing, but the fee at the time to sell was over $500 so I decided to hold on. Lucky I did as price has pumped significantly from the bottom.
Uno is an insurance platform for insurance providers and allows users to trade this risk which is apparently a big market in the traditional trading world. I was intrigued by the backers which include both KuCoin as well as OKEx. So we could assume an OKEx listing as well at some point.
The chart also looks nice and we are currently correcting the big move up from the lows. The blue box is also a previous resistance area from an earlier distribution phase and below that at ~0.45$ is the lower bound/support of that area.
Assuming BTC does not collapse, I do expect this blue box to hold as support and for price to continue upwards. Big assumption for now, so better keep your eyes on BTC.
Still a lowcap with under 7 million coins in circulation. First unlock has been delayed so that circulation should be good for around 3 months from now. DYOR on that though as the unlocks are most likely significant.
