UNIUSDT is testing the key levelThe UNIUSDT trading pair is currently testing the daily support level at the 5.8$ area, which is a key level of support that has held up in the past. This support level is important because it represents the daily structure of the price action.
Furthermore, the market has shown a rejection from the 0.786 Fibonacci level, which is currently acting as a 4-hour resistance level. This indicates that there may be significant selling pressure at this level, and that the market may be struggling to move higher.
If the price of UNIUSDT breaks below the daily support level and turns it into new resistance, according to Plancton's Rules, new short positions may be considered. This would suggest a potential trend reversal, with the market moving from bullish to bearish.
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <= 1h structure.
Follow the Shrimp 🦐
UNIUSDT.P trade ideas
UNI/USDT 4HInterval Targets and StoplossHello everyone, let's look at the 4H UNI to USDT chart as you can see that the price is moving above the local downtrend line.
Let's start by setting goals for the near future that we can take into account:
T1 = $6.11
T2 = $6.25
T3 = $6.45
AND
T4 = $6.72
Now let's move on to the stop loss in case the market goes down further:
SL1 = $5.99
SL2 = $5.89
SL3 = $5.82
AND
SL4 = $5.75
Looking at the CHOP indicator, we see that there is still a lot of energy to move on the 4H interval, while the MACD indicator indicates entering a local uptrend. On the RSI, we can see an increase in the upper part of the range, despite the room for price increase, it is worth being careful.
UniusdtStill by far the largest volume dex in terms of lps
Couldn’t really be a stronger fundamentals erc20 coin in terms of network necessity
Think the ftx narrative will continue through til the next bull run, along w privacy
Has been accumulating for almost a year
Lower end of the accumulation zone rn
Undervalued af along w most alts down here
#Uniswap Weak But Bulls Soaking In Selling PressurePast Performance of Uniswap
There are lower lows in the daily chart. However, what's evident is that buyers have the upper hand, rebuffing attempts to push UNI lower. As it is, the immediate support is at $5.3, flashing with March 12 lows. In the days ahead, it will be critical to observe how prices will react at the top of the current consolidation at around $6.
#Uniswap Technical Analysis
UNI prices are down 21% from February peaks but remain bullish from a top-down preview. Even so, buy trend resumption will highly depend on how bulls will flow back and build from yesterday's gains. Already, the March 28 bar is bullish though trading volumes are comparatively low. Ideally, a high volume break above $6 may be the base for the next leg-up that may see UNI race to March 2023 highs at $6.6. If bears flow back, any dip below $5.3 with equally high volumes would confirm sellers of late February. In that case, UNI may drop to $5, retesting critical support levels of H2 2022 and Q1 2023.
What to Expect From #UNI?
The token is technically bullish but tethered to $5, a psychological support level. If there are gains above $6 as confirmation of March 12 gains, UNI may surge in a resumption of the December to February trend.
Resistance level to watch out for: $6.6
Support level to watch out for: $5.3
Disclaimer: Opinions expressed are not investment advice. Do your research.
#Uniswap in a Bull Flag, Down 10% with Resistance at $6.5Past Performance of Uniswap
On March 15, UNI prices fell 10%, swinging back to bearish territory and reversing gains of early this week. The downtrend remains, and the token is within a bull flag with support at around $5.5, flashing with last week's lows.
#Uniswap Technical Analysis
The uptrend is valid at spot rates. However, for buyers to stem recent losses, they must break above the descending channel and surge above $6.5, ideally with increasing volumes. Before then, confirmation of yesterday's losses may see Uniswap prices drop to $5.5, an opportunity for sellers to double down. Further dips below this reaction line flashing with the 78.6% Fibonacci retracement level of the November to February trade range may see UNI slip to November lows at around $5.
What to Expect from #UNI?
Buyers are upbeat, but sellers are adamant, reading from the recent UNI arrangement. As it is, traders remain optimistic, but whether this will pass depends on if bulls will flow back. Comprehensive gains above the descending channel of this bull flag will cement the December to February uptrend.
Resistance level to watch out for: $6.5
Support level to watch out for: $5.5
Disclaimer: Opinions expressed are not investment advice. Do your research.
$UNI/#USDT [#Uniswap]: Resistance_Breakout◳◱ A Resistance Breakout has been identified on the $UNI / $USDT chart. The price has broken above a key resistance level, indicating a potential bullish trend. The next resistance key levels are located at 6.827 | 7.304 | 8.189, and the major support zones can be found at 5.942 | 5.534 | 4.649. Consider entering at the current price zone of 5.585 and targeting higher levels.
◰◲ General info :
▣ Name: Uniswap
▣ Rank: 19
▣ Exhanges: Binance, Kucoin, Bybit, Gateio
▣ Category/Sector: Financial - Decentralized Exchanges
▣ Overview: Uniswap is a decentralized exchange built on Ethereum that utilizes an automated market making system rather than a traditional order-book. Instead of matching individual buy and sell orders, users can pool together two assets that are then traded against, with the price determined based on the ratio between the two.
◰◲ Technical Metrics :
▣ Mrkt Price: 5.585 ₮
▣ 24HVol: 8,194,285.430 ₮
▣ 24H Chng: 3.753%
▣ 7-Days Chng: -11.76%
▣ 1-Month Chng: -11.99%
▣ 3-Months Chng: -5.50%
◲◰ Pivot Points - Levels :
◥ Resistance: 6.827 | 7.304 | 8.189
◢ Support: 5.942 | 5.534 | 4.649
◱◳ Indicators recommendation :
▣ Oscillators: NEUTRAL
▣ Moving Averages: BUY
◰◲ Technical Indicators Summary : BUY
◲◰ Sharpe Ratios :
▣ Last 30D: -2.21
▣ Last 90D: -0.23
▣ Last 1-Y: -0.05
▣ Last 3-Y: 0.99
◲◰ Volatility :
▣ Last 30D: 0.68
▣ Last 90D: 0.66
▣ Last 1-Y: 1.02
▣ Last 3-Y: 1.65
◳◰ Market Sentiment Index :
▣ News sentiment score is 0.77 - V. Bullish
▣ Twitter sentiment score is 0.50 - Bearish
▣ Reddit sentiment score is 0.32 - Bearish
▣ In-depth UNIUSDT technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
▣ Welcome to the home of charting big: TradingView
Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30.
Discover it here - affiliate link -
UNI Uniswap Labs’ mobile crypto wallet blocked by AppleUNI Uniswap Labs, the firm responsible for the foremost Ethereum-based decentralized exchange (DEX), is purportedly encountering hindrances in its attempts to release a mobile cryptocurrency wallet for iPhone users.
As per a spokesperson from Uniswap Labs, despite fulfilling all of Apple's requirements, the company has not granted approval.
This recent obstacle reinforces the notion that Apple is a rigid overseer of crypto enterprises' admittance to the iOS platform, and its prohibition of cryptocurrency trading applications that do not employ "an authorized exchange" has faced criticism.
Considering also the Double TOP chart Pattern, I now expect a retracement to the next support of $4.95.
Looking forward to read your opinion about it.
UNI/USDT Time For Correction Or Not?Good morning guys ✌️
Let's kick off this day with UNI/USDT pair. After that amazing drop price has reached another support zone where ideally we would wait for smaller correction to happen. EMA zones are way too far from market price. There is also a chance that price will have further drop without any correction so look closely for any action to be taken here!!
If you like ideas provided by our team you can show us your support by liking and commenting.
Yours Sincerely,
Swallow Team 🔱
Disclamer:
We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
UNIUSDT Elliott Waves AnalysisHello friends.
Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you!
Everything on the chart.(update)
Nothing has changed from my last idea, still waiting for upward movement.
Targets: 7.5 - 10 - 12
Main Target zone: 12 - 15$
after first target reached move ur stop to breakeven
Stop: agreesive 4.8, conservative 3.4 (depending of ur risk). ALWAYS follow ur RM .
Risk/Reward: 1 to 10
risk is justified
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions.
✴️ Uniswap vs Tether (Think Long-Term For Success)I have to admit that this is basically the same chart as the BTC pair, UNIBTC.
We are looking at Uniswap vs Tether, UNIUSDT.
This pair hit bottom in June 2022 with the week closing in a Doji with the highest buy volume ever at the time, then an even bigger volume session/week in August... This is how the market seals the bottom, very strong buying right after the low is hit.
A famous investor and trader says that the financial markets are a mechanism to transfer wealth from the impatient to the patient.
I tend to agree.
When trading spot, just buying Altcoins, any mistake can be corrected through a long-term wait.
If you buy a pair expecting a rise and it doesn't happen, waiting can fix any and all mistakes... But if one is impatient, a loss can be sealed by selling lower than the entry point.
And the worst experience of all, right after you sell at a loss, prices start to grow.
UNIUSDT as its counterpart UNIBTC has been undergoing consolidation for many months after the initial breakout in June 2022.
A higher low was hit in November 2022 compared to June.
And since the July peak we have over 7 months of consolidation...
Think of this, or better yet, look at past history from May 2021 to June 2022.
The bearish trend is quite easy to spot.
The bear market is quite easy to read, lower highs and lower lows.
We have no new lows in almost 9 months... This is the accumulation phase, when whales, smart people, experienced traders and institutions load up on their favorite coins.
Once the accumulation phase is over, the next cycle starts to form.
The give away is the high buying volume after the June 2022 low and the fact that we have no new lows after 9 months when in the past a new low would be hit every few weeks.
We also have an ABC correction, if you saw my Bitcoin Elliot Wave Theory trade idea, you know what follows next.
It is a system to transfer wealth from the impatient to the patient, knowing this... What will you do?
Buy and hold or jump from pair to pair?
My money is on the hold... I am thinking long-term.
Think long-term. 1-2 years into the future.
Namaste.
P.S. When the next bull-run comes we will see new All-Time Highs all across, the amount of growth that we will experience, the numbers, will be much more than anything anybody can imagine at this point.