This is not the time to go short when price has been depressed so long. I am picking up more and generally see a bull case for $BTC and other top cryptos. I think the smart money going to infuse cash into the crypto market and hard commodities like silver and gold have started to reflect it. Again treat any upside as a bear market rally, so don't go wild deploying...
On the above 2-day chart price action has corrected 85% since the sell signal back in March 2021. A number of reasons now exist to be long, including:
1) That lovely ‘incredible buy’ signal. Remember this is a 2-day chart. More data available to the probability indicator the stronger the signal.
2) The break of price action RSI resistance.
3) The higher low in...
UNIUSD (4H Timeframe)
Waiting for the downward break of 6.00 support level which will complete a bearish trend reversal pattern to go SHORT. Only the upward break of 6.63 would cancel the bearish scenario.
Stop loss: 6.63
Take profit 1: 5.62
Take profit 2: 5.22
Strategy: Bearish reversal
UNI plenty of bullish divergence coming in having bounced twice off support now consolidating the 100MA though it looks like it may re-test support again.
Previous wave up was corrective but perhaps that was to make way for an impulsive move up much further.
If you like content like this and would like to see more I'm starting with video market coverage +...
UNI breaking across the 4H50MA and will almost certainly close with candle body over for the first time since the high.
Also 4H RSI moving into upper quadrant for first time since the high.
I'm just buying the potential bounce, this is most likely not going to be a long term hold.
Staggering out of UNI here but once this crosses the trendline it may turn south fast.
138% trade here from the lows and I even took profit and bought back in lower along the way.
There's still a chance this can have a sudden blow off top but the structure of this move is very corrective and it will be heading down soon enough I think along with everything...
UNIUSD (1H Timeframe)
The market is in an uptrend and we are waiting for an entry signal to go LONG above the 6.73 resistance level. Only the downward break of 6.44 would cancel the bullish scenario.
Stop loss: 6.44
Take profit 1: 6.91
Take profit 2: 7.20
Strategy: Bullish breakout
I think UNI has been an easy chart to guess and follow so far.
As I suggested in my previous update - after losing the trendline and the support at $8ish area. Price retested the area and gave a perfect entry for a short. (hope someone out there took the chance to make some money on this)
Now approaching another strong support area around $6.2 - $6.5. I'de be...
Trying to figure it out?? yeah me too..
So it's all relevant to what the big guy BTC will do.
Price is nicely moving within the range for the last few days.
Some really good opportunities for scalping there. Did you take advantage of this so far?? ;)
As we are approaching the range low again it is important to see if the price will bounce. Break the low and...
Uniswap saw a further decrease in exchanging volume during the seventh month of the year because of diminished financial backer interest in computerized resources.
Uniswap arrived at a new low in July as the month ended up being one of the more terrible periods in the exchanging history of the decentralized trade (DEX).
The DEX kept about $37.8 billion in volume...
Uniswap facilitates the trading of tokens on the Ethereum network along
with its scaling solutions such as Optimism, Arbitrum, and Polygon. The
protocol is recognized as a pioneer among decentralized exchanges
(DEXs), first for its popularization of the X*Y=K constant product pricing
curve of pooled liquidity in V2 — and subsequently for its...
Following my previews idea. UNI had a good reaction in the box with a nice bounce.. I've marked some areas that I think price might find some resistance.
Do not follow my moves before you do your own research, These are ideas not financial advice,
Very similar scenarios to the beginning of Uniswap's price history, which was followed by a massive moonshot
I have posted about this before, this is for just emphasis on the bullish state (inverted H&S)
Not really following UNI but after a quick look, I think price action is really interesting. At the moment retracing - not sure how much, will it find a support around 8 area or is it going to bounce on the trend line? No clue. But if the whole market keeps pumping I think is possible that it goes up to 10.5 or even 12.
Keep an eye, losing the support of the trend...
UNIUSD was king of DeFi in 2021 and since its wild surge has in 2021 has been in a bear market ever since. It didnt even make a corrective higher high with BTC.
It has just passed the 1.618 extension from the top and this is in the area of the only support block (circled) on the chart.
Weekly RSI oversold.
Good chance it bounces in this area with BTC.
The following are machine translations:
The daily chart, along the trend line, rises in 5 waves. The 5th wave is in progress. Compared with the long upper shadow line on the left, the fairy guides the way, and looks around 10.
The indicator macd formed a golden cross again above the zero axis, showing a strong performance. The RSI indicator is running in bullish...