✴️ Uniswap Clear Bottom Signal, Long-Term Higher LowOk... Let me explain my thinking to you, my dear friend, behind this chart.
✔️ Fundamental analysis
Uniswap is a DEX and that's a point in favor.
Since all the CEX are under attack, people are starting to appreciate the benefits of DEX but that's not all, the chart is what really matters because fundamentals can be good and prices go down, fundamentals can be bad and prices go up; It is more based on market cycle rather than everything else.
But being a DEX is a point in favor specially in 2023 now that the Cryptocurrency market is 14 years old and growing.
Many people have experience and love to diversify, for security, for protection, for ease and peace of mind. Great choice, this is wise.
✔️ Technical analysis
The bottom signal is absolutely clear in June 2022 with the Inverse Head & Shoulders, or simply three drops before a recovery takes place.
Fast forward 1 year, the biggest attack in the history of Cryptocurrency and Uniswap produces a strong red candle 10-June and starts to recover right away.
In the past we had this complex recovery pattern, in the present we get a simple "v shape". The law of alternation once more.
We have multiple days green, straight up and a year long higher low.
Last year the June bounce lead to 193%.
Since we have a higher low in place, this time it can be better.
I want to buy this one with a bunch of X... If you can do it, make a plan and go ahead.
Namaste.
Uniswap
Uniswap outperforming today Uniswap is exhibiting exceptional performance today, showcasing a bullish breakout and setting its sights on reaching the 6.5 level. The probability of achieving this milestone significantly increases if we manage to surpass the critical threshold at 6.22. However, if we fail to maintain stability around the 6.0 mark, it would be wise to anticipate a support retest at the 5.7 level. NFA
UNI Uniswap Double Bottom on a Falling WedgeIf you haven`t sold UNI when Apple blocked Uniswap Labs’ mobile crypto wallet:
Then you should know that UNI (Uniswap) has recently formed a double bottom pattern within a falling wedge, indicating a potential bullish reversal in the near term. The double bottom pattern is characterized by two distinct lows at approximately the same level, followed by a potential breakout to the upside. When combined with the falling wedge, this pattern suggests a convergence of support levels and diminishing selling pressure.
Considering the formation of the double bottom on the falling wedge, UNI could be poised for a potential price target of $5.70. This target represents the projected upside that could be achieved if the pattern unfolds as expected.
Looking forward to read your opinion about it!
How Arbitrum and Radiant Capital Could Outshine Uniswap, AaveIntroduction:
Prepare to be amazed by the disruptive potential of Arbitrum and Radiant Capital. In a world dominated by DeFi giants like Uniswap and Aave, these rising stars have the power to revolutionize the entire landscape. Discover how their groundbreaking technology and innovative features make them unstoppable forces in the crypto realm.
Unmatched Scalability and Speed:
Arbitrum's Layer 2 scaling solution is set to leave its competitors in the dust. By significantly boosting scalability and transaction speed, Arbitrum creates an environment where Radiant Capital outshines Uniswap, Aave, and other platforms. Say goodbye to network congestion and hello to lightning-fast trades and interactions.
Unparalleled User Experience:
Radiant Capital is rewriting the rulebook when it comes to user experience. With a sleek and intuitive interface, seamless token swaps, and powerful analytics tools, this DEX is designed to make trading a breeze. Bid farewell to complicated processes and say hello to a user-centric platform like no other.
Enhanced Token Staking Opportunities:
Radiant Capital not only offers an exceptional trading experience but also opens doors to lucrative token staking. Seamlessly stake your assets, including major tokens like BUSD, and earn passive income with ease. Embrace a world of endless possibilities with Radiant Capital's innovative staking options.
Unrivaled Security and Reliability:
Arbitrum and Radiant Capital prioritize the utmost security and reliability. Built on Ethereum's robust infrastructure and fortified by Arbitrum's Layer 2 technology, these platforms offer peace of mind to traders and investors alike. Trust in the future, where cutting-edge technology meets rock-solid security.
The Future is Here, Don't Miss Out:
As the DeFi space continues to evolve, Arbitrum and Radiant Capital are poised to lead the charge. Their potential to surpass Uniswap, Aave, and every other token in the market is undeniable. Join the movement and witness the birth of a new era in decentralized finance.
Conclusion:
In a world of infinite possibilities, Arbitrum and Radiant Capital emerge as the game-changers. With unmatched scalability, an exceptional user experience, groundbreaking staking opportunities, and unwavering security, they are poised to surpass the competition. Brace yourself for the future—click now to be part of the DeFi revolution!
Please remember that the statements made in this text are speculative and should not be considered financial advice. It's crucial to conduct thorough research and exercise caution when making investment decisions in the cryptocurrency market.
UNI CAN DROP MOREHi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORT the UNI symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
UNI 22% upside incoming ?!! 💎 #Uni has shattered its long-standing support level and the lower limit of a triangle formation, indicating a likely extension of the bearish trend 📉
However, there's a crucial element to take into account. The price discovered support on the descending trend line, coupled with a bullish divergence on the MACD indicator, hinting at a possible rebound 🔼
We're looking at two potential scenarios:
1️⃣ A consistent drop following the breach of the last low
2️⃣ A pullback to the trend line prior to recommencing the downward trajectory
Remember, ParadiseFamilyVIPs, in the ever-evolving crypto landscape, staying informed and adaptable is key. Stay tuned for more updates and happy trading!
Uniswap: You’ve still got work to do…! ☝️Uniswap is chilling in a sidewards movement, although it still has got work to do! So far, the altcoin seems hesitant to reach for our red target zone between $3.99 and $0.88, moving closer only gradually. However, our crypto-friend should take heart soon! We expect it to dive into the red zone pluckily to complete wave b in red. This done, Uniswap should turn upwards and head for its next destination: the northern turquoise zone between $13.03 and $16.03, where wave 4 in turquoise should end.
UNIUSD Underperformance: Why You Should Sell NowToday, I want to talk to you about UNIUSD and why it's underperforming despite having a DEX as big as Coinbase.
It's no secret that UNIUSD has been struggling to keep up with other cryptocurrencies in the market. While their DEX is as big as Coinbase, their token price has consistently dropped. So, what's the reason behind this?
The truth is that UNIUSD has been facing a lot of competition from other decentralized exchanges. With so many options available, it's becoming increasingly tricky for UNIUSD to stand out. The recent market volatility has also played a role in the token's underperformance.
So, what should you do about it? My advice is to sell your UNIUSD tokens now while you still can. With the token's value continuing to drop, it's only a matter of time before it hits rock bottom. So, please don't wait until it's too late to get out.
In conclusion, UNIUSD is underperforming for various reasons, and it's time to cut your losses and move on. Sell your UNIUSD tokens now and invest in a cryptocurrency that has a more promising future.
Uniswap to form new lows for 2023 soonIn late 2022, the $4.95-$5 region acted as strong support, but in May this level has been severely strained.
The market structure is bearish
OBV has made new lows
Momentum is bearish
Therefore a move below $4.9 and retest of the $4.95-$5 area can offer a shorting opportunity. FVG at $5.02 could also be tested. Slightly wide stop-loss can be considered.
Entry: $4.98
Take-Profit: $4.615 (next significant support)
Stop-loss: $5.14
R:R- 2.24
Breakout!?!?$esco is a hidden gem with a potential of 100x, they now support staking at their website with a very lovely apy
Sushiswap is a promising project for a bull cycleSushiswap , a decentralized exchange that appeared in the first era of DeFi sector development, is a fork of Uniswap. The project has gained popularity through the release of its native SUSHI token and the attraction of active Uniswap users.
In early May, Sushiswap launched the ability to launch concentrated liquidity pools (CLP) that offer a number of advantages over traditional liquidity pools. Some of the benefits of CLPs are:
Increased profitability for pool participants: in a CLP, liquidity is concentrated around a certain price range, allowing participants to get more profitability when trading tokens.
Reduced gas costs: In a CLP, transactions can be executed faster and with lower gas costs because the prices of tokens in the pool remain stable.
Greater efficiency: CLPs allow you to create pools of liquidity with greater efficiency because participants can get more return for their liquidity than in traditional pools.
Faster and cheaper trading: due to a higher concentration of liquidity, trading tokens in a CLP can be faster and cheaper, providing a better trading environment.
Due to this and Sushiswap's strategy of spreading to as many networks as possible, this could potentially increase the project's impact on the DEX segment.
Sushiswap is currently the closest competitor to Uniswap in the key metrics of Price/Fees and Price/Earnings, which shows the soundness of the product and business.
If we look at Sushiswap in terms of technical analysis and charts, we see that Sushi is currently trading in the price range of November 2020, if we look at the SUSHI/ETH pair which shows us the ratio of the asset to ETH, we see that since March 2021, Sushi has been in a long downtrend and has been losing the dominance for 2 years now at the lowest level.
If we are sure that the current price movement is bullish and we came out of the bearish cycle, from the analysis of previous bullish cycles, we can set the basic levels for taking positions in SUSHI and expect the start of the alt season, when the project should show positive dynamics and win back the dominance lost from ETH. As a rule of thumb, a full-fledged alt-season begins at the end of a bull cycle about 600 days after the exit from a bear market. So readers, you definitely have time to read this article, DYOR and prepare for this stage as much as possible.
#Uniswap in a Bear Flag, UNI May Lose $5Past Performance of Uniswap
Uniswap is within a broader, multi-month consolidation. Following recent losses, UNI remains under pressure but continues to trend above the all-important support of around $5. Clear from the daily chart, the trend is shaped by the Bull Run from June to August 2022. However, since buyers are unconfirmed, this has given way for sellers to take charge.
#Uniswap Technical Analysis
UNI has support at around HKEX:5 , flashing with March 2023 lows. The local resistance is at $5.7. The immediate trend is bearish, and the recent recovery resulted in a bear flag in a trend shaped by the slip from April 19. Traders can look to ride the trend, shorting on every recovery below $5.7, expecting more losses below last week's lows at HKEX:5 towards $4.7. This forecast will be null once UNI expands above $5.7, preferably with growing volumes.
What to Expect from #UNI?
UNI is down 30% from 2023 highs and remains within a broader consolidation. Critical support is at $5. If this level is lost, the token may drop to June 2022 lows in the long term in a bear trend continuation formation.
Resistance level to watch out for: $5.7
Support level to watch out for: HKEX:5
Disclaimer: Opinions expressed are not investment advice. Do your research.
Crypto - Uniswap Wyckoff Accumulation - Get LongI see a Wyckoff accumulation where the spring has just formed. It takes out the previous low in a swing failure pattern. When the peeps that were stopped out fomo back in we run up quickly. There is also a spinning top reversal on the spring supporting the Wyckoff theory. Love complimentary signals. For higher probability trade wait for SOS to form.
Volume is low on the selling that created the spring.
RSI is higher on the new low showing a bullish divergence.
Stochastic is low showing that the selling is ending and we are ready to bounce.
Price = 5.42
Target 1 = 6.50
Stop Loss: 4.95
Algebra LONG PLAY - 150% Potential Gain
Current Price: $.0248
Entry Price: If it breaks the Diagonal resistance ($.025-$.028)
Entry price if rejected by Diagonal resistance and bounces of diagonal support: (.0195-.021)
Resistance 1: $.0323
Target 1: $.051
Target 2: $.080
Stoploss: $.019
What is Algebra?
Algebra is a next-generation Automated Market Maker (AMM) and concentrated liquidity protocol for decentralized exchanges. It is based on adaptive fees technology, making it a revolutionary solution in the DeFi field. Algebra Protocol has already been integrated by various DEXs such as QuickSwap, THENA, Zyberswap, Camelot, StellaSwap, Ubeswap, and many more.
ALGB Token Utility
The ALGB token is used for staking. Algebra receives a portion of the fees from the integrated DEXs, which are then used to buy back ALGB tokens and distribute them to stakers. You can stake ALGB tokens on the Algebra platform. The more DEXs integrate Algebra's solution, the more ALGB will be bought back, leading to an increase in value for the token holders.
The nuances of crypto indexingThe following is a summary of an episode of WisdomTree’s Crypto Clarified podcast, focused on the topic of crypto. The discussion is between Benjamin Dean, Director of Digital Assets; Pierre Debru , Head of Quantitative Research & Multi Asset Solutions, Europe; and Blake Heimann , Senior Associate, Quantitative Research.
Summary: Indexing is a way to track the performance of a group of assets in a very standardised way. It started in the late 19th century with the Dow Jones Industrial Index and has evolved over time into products like index funds and exchange-traded funds (ETFs). Crypto indexing has become possible recently due to the increase in investible assets, on chain data availability, and accessibility. People buy crypto indices for benchmarking purposes and diversification. When creating a crypto index, people need to consider both quantitative metrics, such as market capitalisation, and qualitative risks, such as use case and regulatory risk. In the near future, we may see more bespoke metrics being used to create indices that can potentially outperform the market.
For the benefit of those who aren't into the more technical parts of finance could you explain indexing: What is it? When did it start? Why do people do it?
PD: In one sentence, indexing is a way to track the performance of a group of assets in a very standardised way. The idea is to use simple, transparent, systematic rules that can be applied consistently over time to create a portfolio.
Indexing is a very old thing. It started in the late 19th century in equities with the Dow Jones Industrial Index. It was created to benchmark the performance of equities and as a way for investors to be able to compare their own performance with the performance of the market. The ‘index’ is very often called ‘the market’ because it's meant to represent the performance of all the equities or all the bonds etc.
From that, it has evolved very quickly. Eventually some people began to say, "Oh, I would like to invest in that market." This led to products that allow people to invest in the market without taking active decisions around which stock or bond you like. In the 1970s, you could do it with an index fund that would track the S&P 500, for example. Then, in the 1990s, exchange-traded funds (ETFs) were created. Now, we see digital tokens that allow people to track an index.
Finally, the last evolution of indexing is not to track the market, but to try to beat the market. So, when we start talking about factor investing, we're talking about basically systematic quant investing where you apply systematic rules to try to beat the market. This is still called an index but it's a different animal. It is more an investment strategy wrapped inside something which is systematic (that is, rule-based) and, therefore, is called an index, but it's not about representing the market, it is about beating the market.
What has changed in the last few years to make crypto indexing possible?
BH: I think one of the big things is that, historically, Bitcoin really dominated the crypto market. Then in 2017 you have ETH and some of the ICO (initial coin offering) craze taking place. So you expand the overall universe in terms of assets that could be invested in. Now there's actually multiple investible assets out there that are worth tracking.
You also have the accessibility of on-chain data. For example, if you're going to do a market cap-weighted type of index, very much like an S&P 500 of crypto, you need to have accurate pricing data and accurate supply data to make sure you can calculate a true market cap. Thinking about those questions, you want to make sure, especially in an unregulated type of space, that the pricing you're using is not coming from any type of wash trading or any other type of activity that wouldn't be deemed as true volume and not necessarily giving you a fair price.
PD: If I may add also, to give a numerical notion of what an index is supposed to cover: in the equity world, you would expect a large cap index to cover probably 95% of the total market cap of the country or the universe we're trying to cover. If you include small cap, you would probably want to include 99% of the total market cap of the space. And so Blake was saying 95% of the space 5-6 years ago, it's probably Bitcoin or Bitcoin Plus, but this is not the case anymore.
When you're looking at 95%, maybe 99% right now, you are looking at hundreds of coins or tokens. This is where the need for indexing comes in. You can't just say anymore, "Oh, I invested in coin A, and it beats Bitcoin, or it didn't beat Bitcoin." This is not the benchmark anymore. So the question is: what do I compare myself to? I bought this coin six months ago. Was it a good or bad investment decision? You don't know if you don't know what 99% of the space has done, and that's what an index does.
Given your explanation of why indexing exists, why would someone want to buy a crypto index in particular? Why not just buy Bitcoin alone?
PD: First, you need a benchmark. You need to know what the market is doing to really be able to compare. That's what the benchmark gives you, and that's why in crypto it's important to start having this S&P 500 equivalent.
The second thing that I think will come very soon is investing in the market. Investors are going to want to have diversification to multiple tokens, multiple use case, multiple sectors etc. They are going to want to start investing in a diversified way, not taking single coin risk, but rather taking basket risk. That's where the index is going to come in.
When you think about trying to do crypto indexing, what are some of the pitfalls that people can fall into?
BH: We’ve already talked a bit about data availability and quality assurance. There are issues with the market capitalisation metric. Firstly, with determining an accurate price; then, on the other end of that calculation, you need an accurate circulating supply. I specifically refer to circulating supply because a significant portion of many of these tokens are locked up in different founder wallets, other types of less liquid type of wallets. So in that sense, they're not circulating.
Another example, if we think about an index and you're trying to map 99% of the universe, the challenge with that is looking backwards and saying, "How do we actually have a mapping of all the dead coins from, say, 2017?"
A lot of the data providers, a lot of places where you'd go to try to pull this data, aren't even out there. So, in that sense, we could back test the market cap-weighted type of index for the last five years, but it's going to have this survivorship bias because certain dead coins that blew up during the ICO craze, now trading essentially at zero, are going to be excluded from your 99%. If you don't have that today because of data availability issues, you're essentially going to have an inaccurate back test. So there's a lot of small details that need to be thought about in this process on top of just the technical expertise that comes in with just getting all the data across the board, bringing it together, and making sure it's clean and ready to use.
We've talked about a few quantitative metrics. What are some of the qualitative risks that one might think about when putting together an index?
PD: Risk management exists in equity indices or bond indices. If you think about the S&P 500, it is mostly rule-based, but there is a risk management layer which is basically a committee of people.
This approach can also be applied to crypto indexing. You have to ask yourself, for example, if a token is currently under investigation by some leading regulators should it sit out of the benchmark for a while until this is resolved? If you have a token that has issues in terms of money laundering or these type of things, should it sit out of the index until this it resolved?
Here, there is a balance around representativeness. Of course, if you keep some coins out, you are slightly less representative of the market. But there is also a risk if you put some coins that appear more risky because they have issues, then there is more likelihood that you have more volatility in your index. There's a balance to find and there is no perfect answer.
BH: I think when you're thinking about things qualitatively, specifically looking at their use case and then being able to say, "Okay, these use cases are generally good to go." However, anything (for instance) that might be generally considered a ‘privacy token’ in terms of overall sector may be a red flag that says, "Hey, this automatically just shows up on a list that we have to review in detail to know that this is not something that's going to pose an additional risk, a regulatory risk, in the space."
Where do you see crypto indexing evolving in the near future?
PD: Say we get to the point sometime in the near future where, whether it's defined by market cap or not, there's that benchmark in place. Then, other metrics could be quite useful to lean away from that benchmark, and lead to, in a sense, alpha chasing.
If we're defining that original benchmark as beta then we could add something like TVL (total value locked), on a smart contract platform. The amount of assets that are locked into these different smart contracts could be indicative of the actual usage of that layer one. You could also look at the overall number of active wallets or the number of transactions taking place on a network.
You could pull some very bespoke metrics around a specific use case, call it a sub-sector. If it's a lending protocol, for example, you could actually look into some of the metrics around that specific activity to determine if this is something that has longevity, or is maybe potentially meeting critical mass. Take Uniswap, for example. The overall volume on Uniswap as a decentralised exchange surpassed Coinbase in this last year. Certain metrics could drive an investment process that could be quite interesting and lead to potential outperformance versus a more ‘vanilla’ benchmark that is just giving you that beta type of exposure in the market.
BH: Using a taxonomy, like WisdomTree’s Digital Assets Taxonomy, you can segment the crypto space. That means, if you were thinking about decentralised finance (DeFi), you could say, "Oh, I'd really like a DeFi exposure because I really think that's a strong use case for crypto." Now you could actually have another sub-indice that tracks that and you could invest in that. Moving back to quant, to take it one more step further, you pull some of those interesting metrics to determine which DeFi protocols and DeFi tokens are actually included in that index or that portfolio and things could get really quite interesting, and you really start to see the space become very sophisticated very quickly in terms of figuring out how to allocate within that crypto allocation in a broader portfolio.
PD: That's interesting because that's exactly how most investors behave. There are always the single-stock pickers, but most people are going to take a benchmark and then they're going to tweak it towards what they like. They say, "I like US equities, so I'll buy US equities instead of world equities," for example. They might also say, "I really believe in energy for 2022, so I'll buy S&P 500 energy."
For crypto, you can say, "What I really believe in is the developers. It's about the strengths of the development team. So I'm going to buy my index, but inside the index I'm going to buy more of whichever coin has the most developers or whichever coins have the most human capital because they have the strongest developers that have worked on the best coin before."
But these kinds of ideas are a lot easier to implement if you can start from the base, and the base is a benchmark. If you have to start from, "Here are 10,000 coins," it is very, very difficult. If you start from, "Here is the S&P 500 of crypto," then you can start tweaking. And that's why I think there's potential value for this benchmark to exist.
UNI | Time to break the consolidation phase#UNI/USDT
- The price has been consolidating for a few weeks. We have higher swing lows in the daily chart.
🟢Entry price: from now at 6.26 to 5.27
🎯Targets:
|> 7.87
|> 9.83
|> 12
|> 13
🔴Stop-loss: Daily candle closes under 4.7
for risk takers I recommend to place stop-loss order at 0.28
➡️Recommended risk: 0.25%
➡️Recommended total Positions Size: 1.47 %
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