UNI - Profit Taking AgainUNI is hitting a clear 1:1 here with some wick while BTC has a flash mini potential blow off top so im taking some profits here.
I'll be looking to re-enter my swing at the log 0.382 which is $5.39.
It may (I think) get to the 1.272 but even if it does and reverses then a 0.382 is still lower than current price at $5.54.
Some bearish divergence also on the 1H.
Also NDX hitting resistance so I'm expecting a down day tomorrow which can also pull crypto down so it would be approriate time for BTC to top if thats correct.
Most of the other coins i'm leaving alone unless they have clear fibs and I cant be doing with too much fiddle.
Not advice.
UNIUSD.P trade ideas
UNI - Profit TakingI'm exiting my swing position here but not touching my hodl allocation.
Currently UNIis up 50% from my entry.
It is hitting the range top.
Bearish divergence on 4H RSI .
And most importantly BTC is in a drifting ascending channel - looking ready to fall.
I'll hopefully get back in near the low. If I miss it its fine i'll put it in something else but I think the odds favour the exit.
Not advice.
UNI bottoming?Elliott says UNI is in a bottoming formation here, and possibly already has bottomed last week. Either way I'll be looking out for potential 'wave 3' news triggers which would cause this next massive wave up. The announcement of their move into NFT trading would be a good start to that. The governance decision someday to trickle fees to UNI holders would also be a massive news-maker for UNI.
UNIUSD Two levels for a short-term buyUniswap (UNIUSD) has been trading within a Bearish Megaphone pattern since the December 02 2021 High. It has been in a Bear Cycle since the May 05 2021 High. At the moment the price is testing (and so far being rejected on) the 1D MA50 (blue trend-line) which is unbroken since April 10. Last time we saw a similar 1D MA50 rejection on a downtrend with the 1D RSI on the same pattern, was during the May 05 - July 06 2021 formation.
It was when the price got rejected on the 1D MA50 and formed straight after a Triple Bottom that eventually rebounded within the 0.618 and 0.786 Fibonacci retracement levels. It is possible that if the same pattern is repeated, it will make that Fibonacci test when the 1D MA200 (orange trend-line) is within. Right now we can only trade within the Bearish Megaphone, so either buy if the price closes above the 1D MA50 or if it makes a Triple Bottom within 3.60 - 3.35. The new Bull Cycle will most likely start when the price breaks above the Lower Highs trend-line from the All Time High.
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UNIUSDT H2: 75% gains THE BEST LEVEL TO BUY/HOLD(SL/TP)(NEW)Why get subbed to me on Tradingview?
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UNIUSDT H2: 75% gains THE BEST LEVEL TO BUY/HOLD(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: UNIUSD H2/candle chart review
::: HIGHER RISK SETUP USE TIGHT STOP LOSS
::: short-term recovery / bounce play
::: targeting IHS formation
::: however strong bounce after pullback
::: setup still valid as of today
::: chart is LOG SCALE
::: get ready to BUY LOW later near 4.20/4.40
::: BUY LOW near 4.20-4.40 stop loss below
::: currently expect re-test of resistance near 5.80
::: chart looks good for a decent bounce play
::: for now stay out / wait for better entry price
::: up to 75% gains possible later
::: short-term pullback/correction
::: is possible / likely
::: however chart looks good for BOUNCE
::: SPECULATIVE SETUP
::: do your own due dill
::: and use proper risk management
::: TP bulls is +75% gains
::: details: see chart
::: FINAL TP is +75%
::: recommended strategy: BUY/HOLD 4.20 USD
::: TP BULLS +75% gains final exit 5.80 USD
::: SWING TRADE: BUY/HOLD IT
::: bull run not over yet
::: good luck traders!
::: BUY/HOLD and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BULLS/STRONG BOUNCE
::: Sentiment short-term: CORRECTION/5.80USD
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Past performance is not indicative of future results.
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UNIUSD: SHORTMACD is crossing for bearish signal
Slow stochastic is coming out of the oversold area
Stop loss::5.44583
Take profit: 4.78078
Risk/Reward:3
UNI, is expected to break through the resistance.The following content is machine translation:
In the 4-hour chart, it is currently in a range-bound trend. The rebound has encountered resistance near 5.5 for many times. Now it has reached the vicinity of 5.5 again, and is expected to break through. The macd indicator refuses to cross upwards and is bullish. In operation, it breaks through 5.5 to do long. After the breakthrough, there is still a heavy resistance as the downtrend line. If it breaks through the downtrend line again, look at the Fibonacci 0.618 near the $7 price.
UNIUSD: Gains will be short lived!UNIUSD
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 lower.
Our profit targets will be 5.802 and 5.500
Resistance: 6.500 / 7.000 / 7.500
Support: 6.000 / 5.500 / 5.000
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UNISWAP almost -87% Down From ATH so now entry point. ?#Uniswap Chart:-
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.