Yesterday, when the Bitcoin price was thinking go to new bottom or not, the UNI price stopped at +35% above the June 2022 minimum.
At the same time, yesterday's decline in the Uniswap token price stopped in a strong liquid zone.
In parallel, "a bullish wedge" pattern is formed, which often acts as a continuation of the growth trend.
Safe long after breaking the...
The bulls are still trapped in this descending parallel channel, so the bears are in full control and the bearish trend is intact!
There is a strong possibility of another 67% drop in this particular downtrend before we see a stronger uptrend.
According to my Elliott Wave analysis, an impulse wave is still not finished and we are looking for another leg...
Uniswap has broken the global ascending trendline and the price came back to retest it and it seems to be finding resistance. We have the additional descending trendline that could act as resistance plus the golden pocket of the Fibonacci. The current trend is bearish and I am looking for continuation with this trade. It is a high probability set up and price...
Dominant down trend line in red
Price seems to have broken away from this line, flipping to the bullish side
I have drawn a small channel that price may occupy as price starts to move up
Here is another one of my ideas for UNI below
The price is testing the daily support after a false breakout from the ascending channel.
The price had a breakout from the lower trendline of the ascending channel.
How to approach it?
IF and only IF the price is going to lose the support and retest it as new resistance, According to Plancton's strategy , we can set a nice order
Keep in mind.
Hi Traders, Investors and Speculators 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
Dealing with crypto can be very risky. It is risky because there are no clear rules and regulations that apply (yet)....
Grayscale expressed concerns over the potential impact on the Ethereum Merge, especially on tokens that run natively on Ethereum:
The Merge may lead to a fork that might have unexpected and unfavorable outcomes and a scenario where stablecoins and tokens locked in smart contracts might not be redeemable.
Token and stablecoin holders might panic and start...
Hi friends! UNI is the most profitable altcoin of the last 1-2 months. I think this trend will continue and we will see new highs soon. This crypto platform keeps growing and a lot of buyers will support and push the price higher, when the pump happen.
🚩 Now the price of UNI is inside the $6.75-7.30 support area.
📊 Here the preconditions to open a long:
Price in a downtrend. Because FED decision to increase interest rate 75 points I consider the dollar will strengthen making all USD denominated to go down.
Entering short position:
- Price at 0.786 Fib retracement level
- Price at a high volumen zone (VRVP)
- ADX shows no strength on upward movement
- Entry pont at 5.8
- SL 1 ATR of entry point at 5.95
- TP from...
Despite all the negative news and awful charts UNI held it strongly above the support level of 5.75$. price moves in a falling wedge and breaking out of this pattern will be bullish. This will only fail if Bitcoin decides to go other way. This will cause this setup fail most probably but i will add more spot buy if market gave me the 4$ buying opportunity.
Bullish Wolfe Waves on lower time frames of Uniswap's charts. Worth punting a long imo.
Entry might not be the best.
Targets marked in green lines all the way up to HTF supply (smallest portion of the position should be left after first two targets are booked and secured).
Stop loss below the sweep of the lows.
Use adequate position sizing and risk management.
Past Performance of Uniswap
Uniswap has not been spared the bear rout. As an illustration, the token is down 89 percent from all-time highs and at risk of printing more losses. From the UNIUSDT candlestick arrangement in the daily chart, the token is within a bear breakout formation. It is trading below local support, now resistance, at around $5.8 as bears set...
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Uniswap (UNI) UPDATE:-UNI was also in the red to start the week, as the token moved closer to a multi-month low.
On Monday, UNI/USD found itself trading below a...