Uniswap has recently broken out of a descending wedge, which is a common reversal pattern. After breaking out, we appear to be coming back to the lows - possibly double bottom, which is another reversal pattern. Both the descending wedge and double bottom patterns are indicating that we may get a bullish reversal very soon!
- Watch for price action...
Short Summary of UNISWAP Token:-
- #UNIUSDT -87% Down From ATH
- #UNI RSI is Oversold
- Expecting Bounce form $5-$6 Level
- Target is $15 ( which is 150% from here )
- If breakout $15-$16 then Next TP will be $50
- Break below $4.70 then Ready to catch near $2
hope you understand in short.
Intraday - We look to Sell at 7.927 (stop at 8.857)
The primary trend remains bearish. Buying pressure from 5.800 resulted in prices rejecting the dip. We look for a temporary move higher. Resistance is located at 8.000 and should cap gains to this area. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back...
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(UNIUSDT 1W Chart)
It must move above 11.42 to turn into an uptrend.
It needs to rise above 15.0 to continue the uptrend.
If it does not fall below the downtrend line, it is expected to...
Testing/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice.
Link to previous chart:
If you press play on the previous chart; you'll see that we went a bit further down from what I thought was the bottom. This is exactly why I say no one can time the top and bottom perfectly. $12 was what I thought to be the bottom as we...
ENTER at $5.50 and follow to the Targets provided in the trend
LEVERAGE: 3x / 5x / 7x
If you like to put a bit of risk into investment for possible higher rewards then you can:
- invest into TRADING FUTURES GRID BOT - UNIUSDT
- Leverage 2x (liquidity at $3.075)
- Leverage 3x (liquidity at $3.9)
UNISWAP had retested the broken support turn resistance.
This month, the candle should be closing red and below the 8 dollar support.
Based on trend following strategy, Uniswap should continue to fall.
With this, the chances for uniswap to drop and clean candle to 5 USD is very high.
I had posted in my video before for this setup. thanks! Trade and invest...
probably buying if this 4h candle (which is also the last 1D) closes above the 4h resistance rectangle I drew
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let me know what you think in the comments ↓
Following its 25% slump to the $9.00 low on Monday, UNI has formed a mild but steady bullish pattern, as the broader market struggles to keep bears at bay.
UNI currently trades within a tight upward channel and currently tests the base of this channel, with a possible bullish reversal in view in the near term. The next rally should take Uniswap to $10.00 again,...