ONE MORE BEARISH SIGNAL BEFORE TAKE OFF! SLIP AND SLIDE!We are in for a VERY INTERESTING couple of weeks ahead. The US election has everybody in a very polarized position with their investments and trades—either you bearish as hell, or you're a flaming bull. When we zoom out and look at the yearly time frame, it looks like we have descending buy volume and the MACD moving average is losing momentum quickly. We might have one more dip before the bull rally ahead after the election. It's unfortunate, I didn't want this, but we might have to go down to $2.00 to $1.50 before all hope is lost and people are ready to BUY BACK BIG! This is simply one scenario, $2.5 very well could be the bottom and we will hang out here for a little while and consolidate. I'M READY TO SEIZE THE DAY NO MATTER HOW IT GOES!
UNIUSD
Uniswap UNIUSDT - Elliott Wave + Parallel Channel- Uniswap token is looking very bad from the technical perspective
- I think the blue channel will break down, when the sellers step in on new lows
- Target is 1.75 USD (0,618 trend-based fib extension)
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END OF MACRO BEAR TREND! UNI SET TO POP!I've been watching this little piece while everyone else has been sleeping on it / distracted by the glitz and glam of Bitcoin. Look at the chart, we are currently at the end of the third wave of a three wave macro bear trend. The RSI and MACD have both bottomed out, we are now at a double bottom at $2.5. The sell volume is has really calmed down. There is huge upside potential and I'm ready to grab a bag and ride the elevator up to $3.7. Let me know your thoughts in the comments below.
UNI - Consolidation / rough planConsolidation continues - market ignoring in favour of established ALTs?
Expecting move to $4.6 when money begins to move out of established ALTs/BTC
Looks like there is a lot of work to get this to break ATH and if market turns south potential for greater falls.
Better opportunities elsewhere right now
B, HF
UniSwap UNIUSDT - Market structure + Bad signs - Last trend line is now broken, which is bad for bulls.
- We are currently in this parallel channel
- All Time Low 2.35 - maybe the market wants to kick out stop losses here before a new uptrend starts
- Double bottom at 2.48
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UniSwap UNIUSDT - Channel + Trendline breakoutAs you can see, we are moving in this parallel descending channel and also below the important resistance at 3.67. If we can break 3.67 level, continuation to the upside is expected to much higher prices. But for now, bears have full control.
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Bullish signs but still need to break this KEY resistance*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. You should always do your own due diligence before trading or investing.
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UniSwap UNIUSDT - Elliott Wave + 0.618 FIBNext update for UniSwap. I did Elliott Wave count and i still miss one last wave to the downside. Previous low was established on 22 September. This provide us a good opportunity to buy / long in the end of 5th Elliott impulse wave. This descending trend respects the blue channel also very nicely. 0.618 fib is the level, where smart money buying crypto.
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Bearish if unable to break above this CRITICAL resistane*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. You should always do your own due diligence before trading or investing.
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In between a bullish sign and a CRUCIAL support - Up or down?*These are purely my speculations and not financial advice. You should always do your own due diligence before trading or investing.
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*Let me know in the comment section if you agree or disagree, would love to hear your ideas too.