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.
A double bottom pattern is a technical analysis charting pattern that describes a change in trend and a momentum reversal from prior leading price action.
In the Chart shown for UNIUSD, we have a great Long opportunity of a double bottom pattern where price has broken the Neckline and a great entry is on the Retest of the Neckline.
StopLoss should be inside the...
- 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...
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UNIUSD - Intraday - We look to Buy a break of 27.72 (stop at 27.08)
Daily signals are mildly bullish.
A break of bespoke resistance at 27.60, and the move higher is already underway.
A break of 27.70 is needed to confirm follow through bullish momentum.
Expect trading to remain mixed and volatile.
Our profit targets will be 29.48 and 29.88
While buying other Alts, I somehow missed adding Uni. Still the chart is looking strong and Uni would likely reach the 78%-82% Fib retracement level marked as a yellow box. Will add more if we get a slight pullback but that chance is very very slim. Still a great buy at this level. If you are already holding, wait for the 78% level to take some profits.
UNI is prime for a move up, 4 h and daily timeframe starting to look oversold. Local HnS formed. Waiting for the breakout of the HnS and the descending wedge.
The most interesting part of UNI price action is the volume of the last few bars. The volume was extremely high which suggest sellers are locally exhausted, they tried to push the prices lower without...
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(UNIUSD 1W Chart)
If the price is maintained above the 8.75010245-12.92996012 range, the uptrend is expected to continue.
We need to see if we...
UNIUSD - Intraday - We look to Buy a break of 27.59 (stop at 26.93)
There is no indication that the rally is coming to an end.
A break of yesterdays high would confirm bullish momentum.
The bias is to break to the upside.
We look for gains to be extended today.
Pivot resistance is at 29.70.
Our profit targets will be 29.57 and 30.27
Resistance: 27.60 /...