UNIUSDT.P trade ideas
UNIUSDT 1D Interval- Targets and StoplossHello everyone, let's take a look at the 1D UNI to USDT chart as you can see the price is moving above the local uptrend line.
Let's start by setting goals for the near future that we can consider:
T1 - $ 6.65
T2 - $ 6.88
T3 - $ 7.08
T4 - $ 7.28
and
T5 - $ 7.56
Now let's move on to the stop loss in case of further market declines:
SL1 - $ 6.35
SL2 - $ 6.08
SL3 - $ 5.86
SL4 - $ 5.64
and
SL5 - $ 5.33
Looking at the CHOP indicator, we can see that in the 1D range we have recovered a lot of energy and the MACD indicator shows a local upward trend.
UNIUSDT LongSince the price formed the lowest low @5.25, it has been on a bullish momentum until it formed the highest high, and the price has been forming a bullish pennant, which might be a strong indicator of a potential bullish momentum.
I am waiting for the price to break out of the pennant, and retest the zone I have highlighted so that I can enter my position.
The entry position is @6.52, Stop loss @6.1, just below the support zone. Tp 1 @6.94, Tp 2 @7.37, Tp3 @7.79
My R: R is 1:3.
Remember to risk 1-2 % of the account.
UNI - not bullish let me rephrase - It looks okay for short term, but I wouldn't be expecting it to break up - unless whole crypto bounces up. Taking into account nowadays situation - I'd expect a retouch of the top of the trendline and a fall to lower support. UNI has been pumped since the beginning which suggests to me that it was artificially pumped to get liquidity into this asset. More downside to me.
#Uniswap Adds 20%, UNI Resistance at $6.8Past Performance of Uniswap
Uniswap is up 20 percent from September 2022 lows, per the formation in the daily chart. Despite the shake-off of September 29, the uptrend in the short term remains valid, and $5.2 is a clear support level. In the past trading week, the token is up 10 percent, outperforming the USDT and the stagnating BTC.
#Uniswap Technical Analysis
The uptrend is valid, as mentioned earlier. Still, conservative traders can wait for a break above $6.8 before loading on dips in a bear continuation formation. If buyers have the edge and UNI soars to new weekly highs, the token could rally to $9.5, allowing traders to hitch the ride up. That will also confirm the significance of $5.2, a reaction line coinciding with the 61.8 percent Fibonacci retracement level of the June to August 2022 trade range. There will be a reason to worry if UNI slumps from spot rates below $5.8 since this could see bears of September 13 flow back, heaping more pressure on the token.
What to Expect from #UNI?
Uniswap, like most DeFi tokens, has been decimated by bears over the last ten months. Currently, UNI is at a minor liquidation level. However, if there are gains above this M-formation, UNI will likely rally and retest August 2022 highs. Contrary to this outlook, the token will snap bearish if bears press on, diffusing the current upside momentum.
Resistance level to watch out for: $6.8
Support level to watch out for: $5.8
Disclaimer: Opinions expressed are not investment advice. Do your research.
$UNI - Catching Up with $QNTHello my Fellow TraderZ,
This is very interesting to see how the #DEFI with strong fundamentals are showing the sign of reversal to the upside Breakout.
Here we have $UNI/Usdt chart exactly the replica of $QNT which recently broke its Inverse Head and Shoulder Pattern and currently retesting to confirm the Breakout.
$UNI is also about to complete the Right shoulder of the Inverse H&S. If this pattern plays out, will see a handsome profit of ~82% with upside movement. All eyes on #Btc which could anticipate this breakout.
Till then Happy Trading. CHEERS!!!
UNI - Potential SHORT -15MIN/1HR - Binance for BINANCE:UNIUSDTPETrading view post:
Trade Status: ACTIVE
Trader: Drizzzled (AUS)
Trade Type: SHORT
(RE-ENTRY/DCA ABOVE previous entry post)
Entry 1: 6.42 (entry 1 box options)
-if missed focus on next entries. Don’t stress.
Entry 2: 7.04 “”
Entry 3: 7.95 “”
Entry 4: 8.88 “”
Entry 5: 9.60 “”
Entry 6:
Entry 7:
Stop Loss:
Entry 1: Gann stop loss - 6.64 (entry 1 only)
-5-10% move from your chosen entry 1
-slightly above entry/key resistance
-1:1 or to own personal risk factor
Entry 2: “”
Entry 3: “”
Take Profit Targets:
-6.23 (800ema)
-6.01 (50ema tp)
-5.85 (200ema tp)
-
-
Comments:
-move stop loss to break even once target 1 is hit. DCA entries above/below if stop loss is hit.
-emas will rise/drop with time so shift tp accordingly. If we re-enter higher/lower our same emas become our take profits. Also i have put boxes around key supports which I may choose to take earlier or later profits at too.
-by all means you can long from the daily open to these higher target ‘short’ entries.
-you don’t have to enter at ‘entry 1’ if you would rather enter higher.
-level 1,2 or 3 ,pumps/moves, can go higher and create new levels, hence the re-entries. It’s a shorter time frame strategy.
UNIUSDT(Uniswap) Daily tf Range Updated till 27-09-22UNIUSDT(Uniswap) Daily timeframe range. one of the sad part of this alt is even tho it got actual utility and devs support, it still had a very long bleeding. good part is its still got retail interest and volume which makes it less unstable more tradable. there are lots of options for a daytrader in this chart and we can see the activity too on its many smaller range moves.
UNI Short @ 6.25 10x leverageMomentum upward is interacting with the 200-day EMA on a 4-hour chart. We've seen clear reversals happen from these points in the past.
We're far overextended in RSI.
Our MACD and TSI are starting to cap out as well.
VPVR is showing we're at one of the main volume ranges. I believe we'll see a pullback soon and I may add onto this position.
Falling Wedge Continuation Chart Pattern DefinationThe falling wedge pattern is characterized by a chart pattern which forms when the market makes lower lows and lower highs with a contracting range. When this pattern is found in a downward trend, it is considered a reversal pattern, as the contraction of the range indicates the downtrend is losing steam. When this pattern is found in an uptrend, it is considered a bullish pattern, as the market range becomes narrower into the correction, indicating that the downward trend is losing strength and the resumption of the uptrend is in the making.
In a falling wedge, both boundary lines slant down from left to right. The upper descends at a steeper angle than the lower line. Volume keeps on diminishing and trading activity slows down due to narrowing prices. There comes the breaking point, and trading activity after the breakout differs. Once prices move out of the specific boundary lines of a falling wedge, they are more likely to move sideways and saucer-out before they resume the basic trend.
UNI 4h 22-sepPrice 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 previous lows at 3.65 and high volumen zone (It might get only to support zone at 4-4.3)
UNI/USDT Bounce from global trendline 🏀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 could look to test lower support levels.
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Uniswap UNI trying to develop a growth trendYesterday, 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 wedge up, above $6.20
The first goal for growth is in the area of 9 dollars
The global target for growth is in the range of $12.5-13
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UNIUSDT | CHANNEL BROKENUNIUSDT has finally broken the bearish parallel channel.
The price has been in downtrend and finally broken above the channel and now currently trading at horizontal resistance.
The bulls will be in complete control above the horizontal resistance.
Trade your levels accordingly.
#Uniswap in a Bear Breakout Pattern, UNI Slips 12% in 3 DaysPast 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 sight on $4.8, or lower, in short to medium term, continuing the free-fall from mid-August 2022.
#Uniswap Technical Analysis
In a bear breakout formation, UNI is bleeding. Thus far, the token is down 12 percent in three days and 42 percent from August 2022 highs. Since UNI is in a bear breakout arrangement, traders can look for entries on every attempt to retest $5.8. Notably, UNI bear bars are riding the lower BB suggesting intense liquidation pressure and determination by sellers as it diverges from the middle BB—the 20-day moving average. In the days ahead, bears can set sight on $4.7, a level coinciding with the 78.6 percent Fibonacci retracement of the June to August 2022 trade range. This forecast will only change once UNI rallies above $6, reversing the losses of September 18 in a relief rally from around the 61.8 percent Fibonacci retracement level.
What to Expect from #UNI?
Taking a cue from Ethereum, UNI is free-falling. In a bear breakout formation, the token may drop back to critical Fibonacci retracement levels in the days ahead. However, if UNI bulls flow back, driving the coin above $6, the token may recover in Q4 2022.
Resistance level to watch out for: $6
Support level to watch out for: $4.7
Disclaimer: Opinions expressed are not investment advice. Do your research.
UniSwap - Bulls are trapped in the channel! What next?
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 downward.
Buy UNISWAP at the bottom of the channel, or 1.8, where I expect a massive bounce! I don't know if we will reach this level, but if yes, then this is a great buying opportunity!
The fundamentals are absolutely terrible right now for the stock market and crypto, and this trend may continue for another years.
UniSwap is the most popular decentralized trading protocol, but it looks like the whales want to buy it cheaper.
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