UNIUSDT is in uptrend .The AB=CD harmonic projection has completed its upside target (check the last update). The bulls will get strength only above break of its previous high (7.26). While bears will be active below the previous high.
Trade your levels accordingly.
Caveat Emptor /
#know your waiting period
#know your limit
#know your reasoning for entry - not comfortable with candle signal/no entry
Improve your think flow = improve on profitability.
All the best.
Not a guru.
From my land of sunshine, Malaysia.
Hi to my fellow friendly neighbor : Indonesia
If you have been reading the other charts/trade ideas that we share, you can easily appreciate that prices are either trading below EMA10 or just challenging it and if the chart looks good we can see it above EMA10 and sometimes above EMA50.
Now, let's have a look at Uniswap vs Tether (UNIUSDT).
See how EMA50 ($5.53) is already far behind as Uniswap moves above...
The price has risen to the upper border of the pattern and is in the zone of strong overbought. Price correction up to 100/200 MAs is possible. Indicated next resistance level in case the bullish momentum continues
The price is moving in a rising wedge. The nearest strong resistance is at the level of $6.66. 100/200 MAs - support. I think the price will continue to rise to the nearest resistance or the upper border of the wedge
uniswap Technical analysis basically on elliott waves analysis basically on elliott waves Principles and priceaction Strategy
uni can be grow fastly
wait and watch.
Viewing these inverted H&S patterns we can see that they are the same, just oppositely oriented, meaning we are entering an upward phase similar to that seen in the initial cycles beginning
Very bullish signal as we touch this Fibonacci level
Reasons to take long:
⭐️ Volume appeared
⭐️ Trendline is 24 days old
⭐️ Trendline is clean
⭐️ We are in the end of formation
⭐️ Slowly squeezing local level
⭐️ Volume entered the coin
⭐️ 46 ATR
⭐️ Under VWAP
Scenario will be invalidated if coin squeezes to trendline. Then it would be wise take short
Will enter when price squeezes to the trendline on 5m...
PRICE ACTION:
• Price action finds first resistance (1), where it reverses direction and goes upwards till finding first support (2).
• Price action reverse direction from support (2) and goes downwards, till finding the second resistance (3) which must be higher than the first resistance (1).
• Price action reverse direction from resistance (3) and goes...
Uni in A rising chanel in 4 hour time fram
right now it got rejcted from resistance zone
if we can see more rejection so we should wait for long in trendline area
if we got break out of resistance so its easy to take a llong order
█ Operation Information
I expect a small bearish pullback in UNI. I directly put the SL at the top since these assets are usually quite volatile due to the little marketcap.
█ Operation data
• Entry price: 6.249
• StopLoss: 6.617 (Loss 5.89%)
• TakeProfit Minimum: 5.881 (Win 5.89%)
• Recommended margin: 5% of the Futures account
• Recommended leverage:...
UNISWAP is in Demand Zone
Risk Reward: 3
UNI, UNISWAP, UNIUSD, UNIUSDT, CRYPTO,CRYPTOCURRENCY
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions and be responsible for your own investing and trading Activities.
The price moves to the lower border of the big wedge and 200 MA and forms a falling channel. I think this channel could be a bullish flag and the price will continue the uptrend.
Shark
The Shark pattern is a distinct 5-point reversal structure that was discovered by Scott Carney in 2011. It is similar to the Bat Pattern, except for the C point exceeding the BC leg. It can point to a strong counter-trend move. The potential Reversal Zone (PRZ) is defined by the following harmonic levels: the 0.886 retracement of initial leg and the 1.13...
Trying out this scalp, TA based on bounce from POC in consolidation.
Possible continuation to upside. will see when price reach to target where to from there.
