moon333

The UNIUSDT completed amazing bullish setup

Long
HUOBI:UNIUSDT   Uniswap / Tether USD
Hey friends hope you are well and welcome the new update on Uniswap token.

Priceline of UNI token has broken down all SMAs on 4-hour chart with the time period of 25, 50, and 100.

The price action is moving in a down channel and making a strong attempt to break out. In order to change the trend from down to up we need a breakout from this channel first.

On daily chart the candlesticks are moving below the exponential moving average 10 and EMA 21. Once the price action will be closed above these two EMAs and the EMA 10 will form a bull cross with EMA 21 then a strong bullish rally can be started:

The priceline of Uniswap has formed bullish Gartley on the daily chart as below:
the targets as per Fibonacci sequence of Gartley are:

Potential reversal or buying zone: $3.92 to $2.64

Fibonacci projection or Potential sell zone: $4.94 to 7.42

Conclusion:
We don’t have sufficient indicators and moving averages available for Uniswap because it is new token. Therefore this analysis is maximum based on patterns. We should use the maximum extent of potential reversal zone of Gartley as stop loss because if this PRZ level will be broken down then the price action can move more down for the completion of bullish Butterfly move.
Atif Akbar

Comments

nice chart...
+1 Reply
Nah there you went a lil over optimistic , it will start dumping soon
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out