Uniswap's price is closely related to Ethereums price, but UNIUSD often has a slight lag in price changes in relation to ETHUSD.
Recently ETH has made big gains on the 1D chart reaching previous high levels with indicators showing signs of being overbought; whereas UNIUSD, although making gains recently, is still showing signs of being oversold on the 1D timeframe with the potential for big profit with a well timed long position.
If UNIUSD were to reach previous high levels conservative targets would be ~$37.
Trade closed: target reached
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Since 2nd April 2021 price reached my conservative target of $37 and surpassed it peaking at ~$48 on 5th May 2021.
@Hulaj Depends what your goals are if you want to invest long term without much input then as a long term hold I think it's a good bet with big gains to be had. If you want to trade with leverage short term then imo it's a pretty good long position, but please DYOR as I can't offer financial advice.
inh
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considering how UNI moves in relation to ETH, where will UNI be if ETH reaches $3000(?)