Introduction: 🌐 Uniswap (UNFI) enthusiasts are gearing up for a potential bullish ride! The trader has initiated a long position from $7.837, with a stop-loss set at $7.792. Let's delve into the details of this trade on the 30-minute timeframe.
Trade Details: 💰 The long position (#UNFIUSDT) takes off from $7.837, secured by a stop-loss at $7.792. The decision is...
UNFI has been on a short downtrend even while most tokens were pumping, and it just broke structure to the upside on the 1hr tf, and this is after breaking out of trendline.
UNFI can get to 14$ in the short term (I am being conservative with my TP here) and we could see above 30$ in the long term.
After Decades :))
UNFI just break the trend and start a movement to higher values
Strong support has been defined in chart with SL
lets see how much profit we can take
UNFIUSDT is exhibiting a potential trading opportunity based on recent price action developments, notably a breakout from a bearish trendline followed by a successful retest of its support zone. Additionally, there is a visible RSI bullish divergence on the 4-hour timeframe, signaling a potential reversal in favor of a bullish trend. Here's a concise analysis and...
UNFI could experience a significant bounce soon. It has recently reached a major support zone, accompanied by substantial trading volumes. Additionally, there is a notable convergence on the RSI. I will be exploring long positions, starting with the safest options within the low volatility zone on a local scale (1H).
As the market consistently printing new HH's and HL's
currently the market is retracing a bit after last HH, which is very healthy retracement level and local support as well.if the market successfully sustain this bullish confluence the next leg high could go for new HH.
see previous chart.. if we can get above the 9.22 region and make a push for wave 5. before a major correction... hope it happens soon the time is ticking...
DYOR... why would you not use the very bottom of the move, seems more inline with fib lievels on all of the uptrend as well as the current dip to the trendline???
We have a bear CH on the chart. You can see the large liquidity pools below. We have two SWAP support areas, where they share is the best zone to buy. If the price reaches the green range, we enter the buy/long position
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the...
It is the previous drawing. Exactly, the red line reacted and corrected it
Keep this green box in ambush. It has a small resistance, if it breaks the resistance, the next 4 lines will be its targets and will be checked again later.
If it comes back into the box, wait for the candles to empty themselves and then enter
🔅 UNFI Overview:
UNFIUSDT exhibits a robust bullish trend, supported by several compelling factors.
🔅Higher Highs and Higher Lows:
A consistent pattern validating the long-term uptrend.
🔅 Critical Supply Zone Breakout:
In September 2023, a decisive break above the vital supply zone at $7.5 occurred.
🔅Wedge Pattern Formation:
Following the breakout, UNFI...
💎 UNFI has undeniably garnered significant attention in the market. Presently, UNFI is undergoing a retesting phase in the demand area, which was formerly a supply area. There is a probability for UNFI to experience a bounce from the demand zone, signaling a continuation of the upward movement towards our target area.
💎 The bad scenario is confirmed if, during...
![UNFIUSDT.P: [17-12-2023] $UNFI IN ACCUMULATION ZONE](https://s3.tradingview.com/w/wIKibGAy_mid.png "[17-12-2023] $UNFI IN ACCUMULATION ZONE")
