In UNIUSD 4h
There is a potential H&S pattern and it brokeout the short term downtrend .
It is under the neckline now.
If it can breakout the neckline with short upper shadow.
*the upper shadow must shorter than half body
We setup the plan
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- UniSwap looks very strong on the daily timeframe.
- On the chart we can spot an ABCDE triangle, that is currently breaking out!
- Due to my Elliott wave count, i am expecting next Impulse wave to the upside, which will be huge!
- Next profit target is 1:1 FIB trend-based fib extension.
- For expected duration of the trade, probability, stop loss, profit...
The last time a ‘great buy’ signal flashed on price action (during a bull market) (purple circles) price action moved up 2000%. Not saying that’s going to happened again. However we do have a fractal.
1) RSI resistance break out.
2) ‘W’ formation in price action printing a new higher low.
3) The new higher low prints on the golden ratio just as before.
Uniswap is a decentralized finance protocol that is used to exchange cryptocurrencies. Uniswap is also the name of the company that initially built the Uniswap protocol. The protocol facilitates automated transactions between cryptocurrency tokens on the Ethereum blockchain through the use of smart contracts.
Traditionally, you would trade the inverse head and shoulders by entering a long position when the price moves above the neckline.
You would also place a stop-loss order (trade stop at a set point) below the right shoulder's low point.
There are 2 entry possibilities,
1-Conservative Entry is at the break of the Neckline
2-Aggressive Entry is in the middle of the...
I knew my previous entry was little tricky as I overlooked a lower entry point way earlier. Now the price is once again lifting its head above the 200p moving average which is super positive. Added some today.
Uniswap price over the monthly chart is trading near its essential moving average line of 200-day lines. While the coin is trading under pressure from the higher levels and now reaches near the make or break zone. Volume over the monthly chart is lower and needs to improve in further trading sessions. The overall chart setup is projecting a slight neutral trend,...
Broke out of down channel and touched bottom of larger support trend line.
Appears to be headed up towards top of larger top trend line in low 30's.
The Madrid ribbon also has crossed green on the 1D and that signals bullish uptrend at least in the short term.
Good luck traders!
BTC.D is dropping slightly while price goes up, and ETHBTC is outperforming BTCUSD. This supposedly signals an alt season and uniswap decex and others should lead the charge. UNIUSD indicators are leading high caps.
The bull flag pattern is a continuation chart pattern that facilitates an extension of the uptrend.
In this scenario we have a Bull Flag as well as a Symmetrical triangle in which in a uptrend momentum as we see a huge spike in volume forming the Flag Pole, this pattern has a 67% probability of succeeding to the upside.
Entry Possibilities for a Bull Flag are:
uni swap going to test first resistance 27.51 the first TP
uni swap bullish this time
so set your limit order on TAKE PROFIT PRICE In this year uni swap break all-time high
So take your profit and hold the coin
uni swap good coin for long term