PRO_SMART_Trader

A real myth of pink unicorn ; UNI/USDT analysis

Long
BINANCE:UNIUSDT   UNI / TetherUS
Uniswap - a protocol for trading and automated liquidity provision on Ethereum .


❇️ COINMARKETCAP's DATA :
Rank #13 kind: Token- On 271,105 watchlists -
Market Cap :$21,682,574,116
Volume24h:$725,339,620
Circulating Supply : 523,384,243.63 UNI -- 52%
Max Supply 1,000,000,000 uni


What Is 🌟Uniswap ( UNI )🌟?
Uniswap is a popular decentralized trading protocol, known for its role in facilitating automated trading of decentralized finance (DeFi) tokens.

Uniswap came about as a plan to introduce AMMs on Ethereum to a wider audience. The platform’s creator is
Ethereum developer Hayden Adams.

Adams worked in various projects while finalizing Uniswap, and his work was informed directly by Ethereum creator Vitalik Buterin. Buterin even ended up giving the protocol its name — it was originally known as Unipeg

Uniswap aims to keep token trading automated and completely open to anyone who holds tokens, while improving the efficiency of trading versus that on traditional exchanges.

❇️Introducing Uniswap roadmap an uni .V3:

1-Uniswap v1 was launched in November 2018 as a proof of concept for automated market makers (AMMs),
2-In May 2020, Uniswap v2 introduced new features and optimizations, seted the stage for exponential growth in AMM adoption
3- Uniswap v3.--which have some new features make Uniswap v3 the most flexible and efficient AMM ever designed

although The launch of Uniswap v3 has been one of the most eagerly awaited events in the crypto calendar this year. The upgrade was finally rolled out on May 5, but many of the much-needed speed and cost improvements were missing.

❇️also we've heard #1inch Network integrates with Uniswap V3. that boom both of them.

coinmarketcap -uniswap. org
------------------------------------------------------------------------------------------------------------------
✅TECHNICAL ANALYSIS
As you can see in the Weekly time frame chart for UNI /USDT, the price is trading around 40 $ .

Since entering the Binance exchange, it has been growing in a rising trend and can continue to climb in this trend, in which case it should be able to overcome the dynamic resistance (red line), which is a sign of a strong bull in this case . Otherwise, if Uni don't succeed, it can fall down to the green support areas . Which are more suitable entry points.
--------------------------------------------------------------------------------------------------------------------

(Anyway, my constant suggestion to my dear community is to buy step by step ( in a few steps) , With considering risk management , Because this crazy market is very volatile than you have never seen in other markets .)
also Following security measures is vital in cryptocurrency trading. Always remember that $100 worth of a token may become a fortune someday. So treat every penny with respect.

--------------------------------------------------------------------------------------------------------------------
👉This analysis is my personal opinion and you are responsible for your own trades or invests.
❤️with Best Regards and successful trades
👍 PLZ support me and hit that damn like button and comment

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter