Hello traders .
In this idea, I brought you one of the good coins with high potential movement
but before everything :
I'M very appreciate you guys for your comments and your likes , i try my best for you guys .
let's dive into the chart , as you can see in the daily time frame , there is a clear bull flag in the daily chart , which is good news for the UNI price .
but we need more information about potential targets for the UNI , i personally prefer to use 2 different methods to calculating UNI targets:
1_ you can simply use important level in the markets for example in this bull flag you can go to the 4H time frame and you can find clear support and resistance level :
ok now we have more information for UNI , as you can see there is W pattern in the flag and now it's seems to break and also break the upper line of the flag which is alignment with the 4H structure , for opening long position you can chose one of this :
(A)_ wait for 4H candle close above the 4H structure
(B)_ after the break out you must wait for the retest of the 4H structure and also 21ema
( take profit area depends on your own risk/reward ration )
2_ instead of the bull flag you can count this pattern as AB=CD pattern :
as you can see in the chart the technical target of this harmonic pattern is very clear and also you can say the target of this pattern is alignment with 0.618 fib ratio .
also you need pay attentions to the blue box at 0.382 level it's important resistance.
there is very important always to takes the advantages of the fib levels , because they have very important rule to define important price levels.
i personally care about all of them not simply chose one of them ; but also it's depends on your own strategy.
I hope you enjoyed this analysis.
Do not forget to like and subscribe
share my ideas with your friends , thanks for watching my ideas
In this idea, I brought you one of the good coins with high potential movement
but before everything :
I'M very appreciate you guys for your comments and your likes , i try my best for you guys .
let's dive into the chart , as you can see in the daily time frame , there is a clear bull flag in the daily chart , which is good news for the UNI price .
but we need more information about potential targets for the UNI , i personally prefer to use 2 different methods to calculating UNI targets:
1_ you can simply use important level in the markets for example in this bull flag you can go to the 4H time frame and you can find clear support and resistance level :
ok now we have more information for UNI , as you can see there is W pattern in the flag and now it's seems to break and also break the upper line of the flag which is alignment with the 4H structure , for opening long position you can chose one of this :
(A)_ wait for 4H candle close above the 4H structure
(B)_ after the break out you must wait for the retest of the 4H structure and also 21ema
( take profit area depends on your own risk/reward ration )
2_ instead of the bull flag you can count this pattern as AB=CD pattern :
as you can see in the chart the technical target of this harmonic pattern is very clear and also you can say the target of this pattern is alignment with 0.618 fib ratio .
also you need pay attentions to the blue box at 0.382 level it's important resistance.
there is very important always to takes the advantages of the fib levels , because they have very important rule to define important price levels.
i personally care about all of them not simply chose one of them ; but also it's depends on your own strategy.
I hope you enjoyed this analysis.
Do not forget to like and subscribe
share my ideas with your friends , thanks for watching my ideas