UNISWAP - Time to buy again?

FTX:UNIUSD   Uniswap Protocol Token / USD
It seems like the downmove is close to its end, which makes me feel bullish regarding the UNI token, again... I see similar situation as before, at the last bigger up-move. On h4 the MACD is trying to turn back to the green zone again, slowly, while on h1 the price is about to draw a clean and strong continuous divergence. If it all happens, that will confirm a buy signal at around $4.000 or somewhere in the $3.9 - $4.2 zone. What do you think?
Trade active: Already in 10% +, which is a nice amount of profit if you jumped in at around $4.000. I'm still in, and keep watching the price, but for more conservative traders this level could be a good one to realize some profit. I think there are still enough room to go higher, even if we could get some strong bearish candle here and there, inside the rally, as always. Will see what's coming...


+1 Reply
I think downside is limited at this level, and upside is tremendous. Although I am concerned about dilution of the token over time for simple hodlers. People providing liquidity are getting these tokens and dumping them on the market periodically and with over 2B TVL generates a lot of earned tokens. I don't know exact numbers, but concerned about the price per token over time.
dominikredenczki woodenBluejay
@woodenBluejay, You can find numbers on uniswap's official website. On the first round they are planned to distribute 150M tokens in different division between liquidity providers, old members etc.. (now 100M is circulating if I'm right), and 1Billion is available in total, with a 4 years plan (currently that's the plan, but members possibly would be able to vote about anything). However uniswap v3 is closer and closer to its launch date, with promising new features, and plans like the possibility of earning revenues for token holders / liquidity providers from the protocol fees can hold those tokens back, or lock down already circulating tokens. I'm not an expert in the uniswap protocol topic - fix my info if you are - and not 100% sure about what's exactly going on fundamentally, but these are already available information with good long term outlooks, which makes me buy this token time to time...
Somewhere around 3.84 for sure. Nice.
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