- There is absolutely no divergence (RSI) on a daily chart, which is bad - The trend is coming to the end, but there is still required a capitulation event - Major Impulse Elliott wave is almost completed - If you believe in this coin and you also believe in fundamentals, there is a good buy opportunity at 1.75 USD - I am pretty sure UNISWAP token deserves another...
- Uniswap token is looking very bad from the technical perspective - I think the blue channel will break down, when the sellers step in on new lows - Target is 1.75 USD (0,618 trend-based fib extension) If you want more of these ideas, please hit the like button and follow me, so you don't miss any update! Also, check my signature down below ↓
UNIUSDT brokedown as expected from my previous analysis testing the monthly low. The market retraced and is retesting the descending channel resistance. Potential price actions indicated.
*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. You should always do your own due diligence before trading or investing. *Follow me for the latest cryptocurrency analyses on my watchlist *Thank you to those who donated, I very much appreciate it. *Let me know in the comment section if you...
Now..We haven't any support Next steps can be very lower than current level. I have reopened my short position.
BINANCE:UNIBTC have retraced after strong uptrend, a nice entry would be at the golden line. I would be carefull to invest into Uniswap because its 1bil supply , true is that its being released slowly during 4 years but that does not make it attractive for me long-term. Nice profits can be made trading 0.5 fib support and resistance
- Last trend line is now broken, which is bad for bulls. - We are currently in this parallel channel - All Time Low 2.35 - maybe the market wants to kick out stop losses here before a new uptrend starts - Double bottom at 2.48 Please, hit the like button and follow me for more of these ideas! Also, check my signature down below ↓
As you can see, we are moving in this parallel descending channel and also below the important resistance at 3.67. If we can break 3.67 level, continuation to the upside is expected to much higher prices. But for now, bears have full control. Please, hit the like button and follow me for more of these ideas! Also, check my signature down below ↓
*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. You should always do your own due diligence before trading or investing. *Follow me for the latest cryptocurrency analyses on my watchlist *Thank you to those who donated, I very much appreciate it. *Let me know in the comment section if you...
Next update for UniSwap. I did Elliott Wave count and i still miss one last wave to the downside. Previous low was established on 22 September. This provide us a good opportunity to buy / long in the end of 5th Elliott impulse wave. This descending trend respects the blue channel also very nicely. 0.618 fib is the level, where smart money buying crypto. If you...
Bulls failed to defend 0.618 fib. Next support is previous low. You can also check bitcoin dominance chart down below - head and shoulders pattern. This is not good for UNISWAP right now. You can profit on this move by using futures market.
It seems that we will see a price decrease soon.
If we are optimistic... This range looks good to long...since BTC not so good..this is a little risky
UniSwap is still going down, below all major resistances. It is a good coin, do not get me wrong, but bulls need to do something. I am pretty much sure, that we will experience a bounce from the double bottom support line. This is crypto, not forex - and double bottom formation before a true pump is a standard. Please, hit the like button and follow me for more...
UNI is heading to 38000-40000sts and it may finish this target in next days. This level is really important because if it broken, we will see the 50000sts soon. We can buy it around 30000sts for a small bag and then buy more if it drops to 26500sts This plan will be invalid if it drops below 24000sts
$UNIBTC -short term looks like wants higher prices #NUI #BTC $BTC
Last time, Uniswap had a big issue at the bottom of the big channel - no buyers stepped in. I think a retest of the channel is now very likely with a double bottom combination. Also, as you can see, the local support is probably going to break to the downside. I am pretty sure there will be a bounce at 2.5 USD. This coin is a depression, definitely have a big...
After testing the support of the uptrend, everything seems to be ready for the next up step.