UNIUSDT.P trade ideas
UNIUSDTPRICE ACTION:
• In a downtrend, price action finds first resistance (1) that forms left shoulder's low, where it reverse direction and goes upwards till finding support (2), completing the left shoulder formation.
• Price action reverses direction from that support (2) and goes downwards till finding second resistance (3) that forms head's low, where it reverses direction and goes upwards till finding support (4), completing the head formation.
• Price action reverses direction from the last support (4) and goes downwards till finding third resistance (5) that forms right shoulder's low, where it reverses direction going upwards.
• The pattern is completed when price action breaks the neckline at point (6) upwards.
TRADING THE PATTERN
• Trade entry: the pattern is traded after price action breaks the neckline at point (6), either with an entry after the breakout, or after a -possible- retest to the neckline which turned into resistance.
• Take profit: identified by measuring the vertical distance from head (3) to neckline, that measurement is then applied from the breakout point (6).
• Stop loss: can either be the neckline breaking rate (6), or the right shoulder's high (5).
UNIUSDT | SETUPUNIUSDT made a top around 6.07. After a down fall, it found support around 0.50 fib level. The harmonic AB=CD projection shows a top should be around 7.30.
The harmonic pattern favors bulls. We are expecting price will find support at risisng trendline and bulls will take chargefrom trendline support. Alternatively, the bears will be active if it manages to break the support zone and trade below it.
Trade your levels accordingly.
UNI TRADE SETUP>>>>>>>>>>>Hello EveryOne
I Have Tried My Best to Bring the best Possible outcome in this Chart.
In the case of pass red resistance area , that I marked on the chart,
We can set our position till next dynamic resistance area as we can see on the chart.
This is not financial advise.
PLZ DYOR
With hopping success>>>>>>>
UNIUSDT 1D head-and-shouldersUNIUSDT on 1D, a head-and-shoulders figure is formed at a strong level, a 1W trend reversal. In the case of its development, UNI will go into an uptrend at 1W.
The idea to enter is to close the daily candle above the base (purple line). Perhaps the right shoulder will be a complex formation in the form of a double bottom.