Uni is a great project, I bought some at the end of the year, now I think it is appropriate to see if the support holds and then to think for a second entry.
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Falling Wedges usually result in bull breakouts
The yellow bars pattern placed is very speculative. Just assuming that once price breaks out of the formation, bulls will dominate.
This is a quick trade idea.
Uniswap seems to have a double bottom, could hit 18 and 20$ on a short term crypto bounce.
I am still bearish on crypto right now so this is risky.
Using tight stop loss like 15.85 area.
DYOR.
Hi Traders
UNIUSD (Daily Timeframe)
Waiting for the upward break of 19.96 resistance level, which will complete a bullish trend reversal pattern to go LONG. Only the downward break of 16.70 would cancel the bullish scenario.
Trade details
Entry: 19.96
Stop loss: 16.70
Take profit 1: 21.90
Take profit 2: 25.10
Score: 4
Strategy: Bullish reversal
A lot of DeFi 1.0 and decentralized exchanges have been in the gutter for the past couple months and Uniswap is no exception. Uniswap has been trading below the 0.236 Fibonacci level since early December and it's only a matter of time before it starts to climb to the 0.236 Fibonacci level at $20. Uniswap is the second largest Decentralized Exchange when it comes...
UNI is current showing strength for a solid upside move, and BTC is indicating seller exhaustion at that $40,779 area. Thus, I took a long on UNI.
Entry: $15.42
Stop: $13.40
1st Target: 61.8% retrace
2nd Target 78.6% retrace
3rd Target: $29
There is a potential higher low on UNI. This is after the bullish divergence played out. Thus, I'm only hoping for bullish convergence here. BTC might be painting a bullish engulfing candle, and ETH is currently showing seller exhaustion. I believe the potential H&S on UNI will be invalidated and we'll see higher prices.
If not, I have a tight stop loss.
Entry...
UNI recently suffered a sharp -16% correction from the $20.00 region to the $16.75 support between Monday and Thursday, amid a reemergence of bears across the broader market. Despite the recent crash, the cryptocurrency maintains a bullish outlook on my daily chart and remains on course to $21.50. That said, I expect to see a steady recovery towards the $20.00...
UNI is bouncing and moving up with a bit of buying pressure. This is just a quick scalp setup nothing too crazy, as volatility is high. With that said, it could run higher for sure. NFA, DYOR
UNIUSD D1 chart review. overall strong chart looks good. BULLISH compression pattern. focus on buying lower later. final swipe lower possible/likely. but then expect MASSIVE GAINS. chart looks good /strong. still valid today / great setup BULLS. BULL FLAG setup with massive upside. still expecting pullback off the highs. get ready to BUY LOW later. accumulation in...
Hello everyone, if you like the idea, do not forget to support with a like and follow.
UNI is sitting around a strong support zone in green so we will be looking for buy setups.
on DAILY: UNI is forming a channel in red but the upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing....
UNI continues to struggle with lasting bearish pressure as the cryptocurrency falls below the $15.00 mark, following a failed rebound from the $13.75 base. At press time, the twentieth-largest cryptocurrency is under a renewed bearish influence, as it barrels down towards $13.75 again. That said, a retest of this multi-month low in the near term could make or...
Hello friends.
This is my 3 scenarios about Uniswap
The chart will tell you everything 🙂
Bullish movement is more possible.
I will update this chart when we reach to our possible targets.
COINBASE
