Good day traders! Here is an analysis on UNI/USD based on market structure. Let me know in the comments section below if you have any questions about the setup only. I hope you like it and follow me for more ideas.
This is not financial advise, but merely for pure educational purposes only. You are trading at your own risk.
In the picture, everything is written, according to head and shoulder pattern and triangle and a strong resistance break we expect a pump after breaking the gold line.
1d close above nov high of 4.485, the highest close in 3 months. entered on the 4h close above and retest of support.
- avg entry: $4.42
- tp1: $8.60
- tp2: $12
- sl: $3.93
UNI / BTC
Nice reaction at previous bottom (potential double bottom in formation)
We can see bullish rally from 0.00012 to 0.00016
The price already broke out the trendline
If this pattern successed the potential gain from support is up to 80% or more
The only risk factor is BTC dominance keep increasing but daily close above trendline will add more...
Uni has very powerful bullish indications in the daily chart.
There is a double bottom in the pattern , bullish cross in the MACD , and a breakout in the downtrend!
View on Crypto UNIUSDT (20 Nov 2020)
Uni is back in the spot light and it is trying to break $4 again.
This time around, it could succeed and it shall revisit $4 & $5.2 soon.
Let's see.
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" "Comment".
Thank You!
Legal Risk Disclosure:
Trading foreign exchange or CFD on...
Hi All,
This has a big potential, if it breaks the sloping resistance and then the horizontal level.
Hence keep an eye out...let me know too... I miss a fair bit.
The Macd has a bullish posture on the small time frame and many of the alts are doing well.
On the Daily, the indictors are also agreeing a bullish feel.
How to trade this, it has to be a break out...
Today's idea is to continue the previous game of ping pong between buyers and sellers.
On December 24, buyers withstood the blow and retained control of the $3.22. Consolidation in the UNI market continued and a new attack on buyers began.
To date, buyers have looked rather weak. Trading volumes were low, the nature of the rise in UNI prices resembled a...
