UNIUSDT trade ideas
Uniswap (UNI): At Major Resistance!Uniswap coin is in a major resistance zone after having a massive liquidation movement.
This liquidity movement was stopped just right at the resistance zone, where UNI is finding it hard to breakout, which is logical as well.
If all plays out nicely, we should see some kind of correctional movement after that huge green daily candle.
Swallow Team
Uniswap(uni) Technical Analysis: Potential Pump In 4H Time Frame🔍Project Overview
Uniswap is a decentralized finance (DeFi) protocol based on Ethereum, allowing users to act as liquidity providers or to swap tokens. It has gained significant attention due to its extensive features in the DeFi space.
🧩Key Support and Resistance Levels
Major Resistances:
11.567
13.338
Major Supports:
9.412
8.947
8.226
6.768
📅Current Situation
Resistance Level: The price of Uniswap is near the resistance level of 11.567. A breakout above this level could lead to further price increases.
📊Volume and Candles: Trading volume is increasing, and green candles indicate strong buying pressure, suggesting potential for more upward movement.
🕸Relative Strength Index (RSI)
RSI Level: The RSI is at 63.07. A breakout above 65.93 could be an early confirmation for breaking the 11.567 resistance level.
👨💻Trading Scenarios
Long Position (Buy)
Entry Condition: Breakout above 11.567 confirmed by high trading volume and RSI breaking above 65.93.
Strategy: If confirmed, consider opening a long position, targeting the next resistance levels at 13.338 and higher.
Short Position (Sell)
Entry Condition: Reaction to the 9.412 level and its subsequent break on the second attempt.
Strategy: If confirmed, consider opening a short position, targeting the next support level at 8.947. If there's no reaction to this level, wait for a break below 8.947 before entering.
Weekly Time Frame Analysis
🛒Spot Buying Strategy: Given the SMA 7 and 25 cross and the strong recent candles, buying in spot can be suitable. The target for this strategy could be the all-time high (ATH) at $43, providing approximately 300% potential profit.
📝Uniswap is currently in a strong bullish trend, and breaking key resistance levels could lead to further price increases. The outlined technical analysis and trading strategies can help guide your trading decisions.
🧠💼 Always remember the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Stick to strict capital management principles and use stop-loss orders, ensuring an initial target with a risk-to-reward ratio of 2.
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UNI ANALYSIS🔮 #UNI Analysis - Breakout 🚀🚀
💲💲 In 4H Timeframe,Falling Wedge Breakout is Done✅
Now, #UNI ready for good bullish wave 🚀 🚀 We are expecting around 20% profit💸 in next few days 💯🚀
💸Current Price -- $10.800
📈Target Price -- $12.860
⁉️ What to do?
- We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸
#UNI #Cryptocurrency #Breakout #DYOR
UNIUSDT | Breakout Alert 🚀 Get ready for an exciting move—UNIUSDT is gearing up for a classic breakout!
Volume Surge
With solid volume backing this breakout, we could see UNIUSDT push significantly higher.
Market Conditions
As long as no black swan events occur, this setup looks incredibly promising.
Let’s watch and see how high UNI can soar!
UNI: Pullback in UptrendTrade setup : Following a bullish breakout from Channel Down pattern , price broke above 200-day MA, which signaled resumption of uptrend. Price rallied +50% to $12.00 and now it pulled back to $10.00 support zone, which could be an attractive swing trade entry in Uptrend with +20% upside back to $12.00. Stop Loss at $9.25, below the prior swing low. Uniswap is the biggest DEX – see On-chain data, and has been a beneficiary of the move to decentralized exchanges and non-custody trading solutions.
Pattern : Pullback in Uptrend . Price remains in an Uptrend but has pulled back, which could present a 'buying dip' opportunity. Traders should look for the nearest support level where price could stabilize and resume its Uptrend. This support level could be a level where price bounced off of in the past, or a level that was previously resistance. (concept known as polarity).Learn to trade key levels in Lesson 3.
Trend : Short-term trend is Down, Medium-term trend is Strong Up and Long-term trend is Up.
Momentum is Bearish (MACD Line crossed below MACD Signal Line) BELOW days ago. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance : Nearest Support Zone is $8.00. Nearest Resistance Zone is $12.00, then $17.00.
UNISWAP Prepares for uptrend, anticipating reaching $17 above UNISWAP price has been volatile over the past years, with both up and down trends. However, looking at the most recent price action, there could be signs of a short-term uptrend.
Support and Resistance :-
Several potential support and resistance levels. These are areas where the price may have difficulty breaking through.
Support levels are at $7.514, $10.231, and $11.00.
Resistance levels are at $12.00, $16.00, $17.615, and $17.733. The area between $12.00 and $17.00 is highlighted as a primary resistance range.
Indicators
The chart also shows the volume (CVD), which is the amount of UNI that has been traded in a given period. The volume has been increasing recently, which could be a sign of increased volatility.
Overall
The technical analysis of this chart is inconclusive at this time. The price has been volatile and there is no clear trend. However, there are some signs that the price could be due for a rebound in the short-term.
UNI ( uniswap ) tm:1hHello traders.
I hope you doing well.
These areas are based on my personal strategy and I will share it with you.
Open a sell position on the supply area or open a buy position on the demand area.
Your entry point, stop loss, and target point are based on money management and the amount of money in your trading account.
But I promise you that by trading in the areas of my trading strategy, you will definitely make a profit, because these areas, although they seem simple, are my experience of 8 years of learning and trading.
I hope you will achieve maximum continuous profit with me by using supply and demand areas.
Good luck traders.
Mohammad Goodarzi