I am swing trading some defi alts right now, like UNI, SUSHI, AAVE, SNX and others. But my suggestions is to just take small profits and use the volatility.
Some alts are following the trend perfectly, in moments like now that BTC is unpredictable, I only allow myself to trade the volatility and hold my old positions.
If the price will have a breakout downward, and flip the current daily support into new resistance, According to Plancton's strategy (check our Academy), we can set a nice order
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure ->...
Long and short UNI/USDT
Activation of the transaction only when the blue zone is fixed/broken.
The author recommends the use of anchoring fixed the blue zone, this variation is less risky.
If there is increased volatility in the market and the price is held for more than 2-3 minutes behind the activation zone after the breakdown, then the activation of the idea...
If we close at least 1 candle over the resistance the breakout will be real and this will be bullish. The resistance is given not just from ichimoku cloud but als ofrom volume profile (not shown here).
Take a look also at 1INCH, I'll try to share something about it soon.
". There is a possibility of temporary retracement to suggested support line (22.60).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
. UNIUSDT is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic...
It has been 19 days since the UNI market has been in consolidation. The growth of 600% from the end of December 2020 should be corrected. In this case, the correction takes place in the consolidation range and does not suggest that the UNI price will continue to fall.
Critical range of $16.7-17.7 is guarded by buyers. During the consolidation, trading...
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We need to see if we can get support and climb in the 26.280-27.900 range.
If it falls, you can touch the 21.418 point, so you need to trade...
Any pullback is a sucker's wave and should be bought up if this remains an impulsive setup. The ranges of our channel seem to be $31.5 and $6.7 for the monthly candle. The weekly support is $16.66
The buying force is increasing at UNI and we can expect a strong rally in the coming days. However, to confirm this, we need to wait for UNI to successfully conquer $22 zone. And the heading targets are $26 and $32 zones
If UNI cannot conquer $22 zone, it will form a Double Tops pattern at 8H timeframe and will fall to $15 zone.
-Buy: 21-22$ if A. SL if...
after a longer period of focusing on my trading I am back with some ideas (see also the similar post on CAKE - PancakeSwap linked below).
Not sure you are familiar with the Binance Smart Chain (BSC). Basically it is like the Ethereum network, but with appropriately low transaction fees.
Venus is a Binance Smart Chain-based DEX (decentralized exchange)....
Here is the complete breakdown of the UNISWAP trade.
On January 4th UNI made its last critical trend support retest at around 4$.
🔷After a few it was confirmed to continue an upwards channel. That was until we reached the critical $7 resistance cluster.
Looking back in September UNI had exploded and saw a massive sell off, (most likely from the free air drop)....