UNIUSD trade ideas
Selling conservatively for quick sell at $39 areaBought on support at $13.95.
14hr chart also shows support, and that this level should hold.
Based on weekly and 12 day charts, after breakthrough of the next Resistance line, there is nothing until the next downward Channel which is currently at $40.
170% gain. Can have stop loss below 14hr support line if it breaks below and reasses.
ATH for UNI seems doableas per triangle breakout so likely UNI will lead a higher expansion into ATH
Uniswap Preparing To BreakoutNew highs likely in the future
watch the fib extension targets:
1.618 = $70
2.618 = $120
UNI - Big time upsideThis "company" has maintained billions of dollars of volume for a long long time now. Through multiple market cycles, they have weathered the storm and continued to upgrade their systems and offerings.
I put "company" in quotations to get you to think about the stock market. Most companies that have been managing many billions of dollars of the volume tend to be doing much better, technically on a price chart.
And it's about time for Uniswap to make catch up move. Being a beneficiary of both the bull market and a bear market, this has very long term value.
Prior highs at 17 are the first target of this initial breakout through 12. Beyond that, We shall reassess. I do not foresee this making ATH in one fell swoop. But this next breakout could be a big one, which, may allow for some consolidation right below ATH before the big break.
Uniswap
Trend Analysis: The chart reveals a recent uptrend, with the price rising following a period of consolidation. This upward movement is further supported by the price exceeding the middle Bollinger Band, a 20-period moving average, which suggests bullish momentum.
Bollinger Bands: The price is nearing the upper Bollinger Band, often viewed as a resistance zone. A sustained breakout above this upper band could signify strong bullish momentum, while rejection at this level might lead to a pullback. The middle Bollinger Band, currently around $9.00, might act as dynamic support.
Key Support and Resistance Levels: A crucial support level lies around $8.00, which previously served as a consolidation base. The middle Bollinger Band around $9.00 could also offer dynamic support. On the upside, immediate resistance is found near the psychological round number of $10.00, with stronger resistance near $11.00, representing a previous swing high.
Volume Analysis: The rising price is accompanied by increasing volume, further reinforcing the strength of the uptrend.
Price Action Patterns: Recent bullish candlestick patterns indicate buyers are currently in control.
Bullish Scenario: A breakout above $10.00 with strong volume could trigger a rally towards $11.00 or higher.
Bearish Scenario: If the price faces rejection at $10.00, a pullback to $9.00 or the lower Bollinger Band can be anticipated.
In essence, the technical analysis suggests a current bullish trend, with the potential for further upward movement. However, traders should closely watch the $10.00 resistance level for confirmation of continued bullish momentum or a potential reversal.
Bullish Altcoins UNIUSD UNIUSD has formed a large support base and has reached a point where it can be seen that the bulls are warming up
The previous move up to white circle should be considered minimum sell point for this bull run
Great use case UNI.
Alts are coming up soon
Uniswap, UNI, golden pocket sets target at $107, 11xAnother golden pocket special...
Uniswap is still the leading dex. this pumps with the rest of the market. 11x incoming.
See linked BTC chart for why my charts are so bull.
The Trade:
Preferred Entry: $4.58 or a 0.168 retrace of this impulse wave (if we get one)
Ape Entry: $9.00
Stop: $6.50 / 3.75
Resistance: $16.65 - order block + bear golden pocket.
Target: $107 - 11x
D.Y.O.R. DO NOT BLINDLY TAKE THESE TRADES.
Never Trust. Verify. PLEASE DO YOUR OWN ANALYSIS.
This is not financial advice. These are just my observations.
Technical Analysis is not about being right, it's about increasing your odds.
Be prepared to be wrong. Risk management is key. Capital preservation above all else.
Uniswap ($UNI) Jump 5% on Upbit Listing: Major Breakout IncomingUniswap ( BME:UNI ), the native token of the world’s leading decentralized exchange, has recently caught the crypto market’s attention with a notable 5.2% surge following its listing on South Korea's largest cryptocurrency exchange, Upbit. This uptick in price, currently hovering around $8.31, brings fresh bullish sentiment to BME:UNI as it rides the wave of several key developments, including the upcoming launch of its Layer 2 (L2) blockchain, Unichain.
Unichain: Uniswap’s Game-Changing Layer 2 Solution
In the ongoing race to scale Ethereum, Uniswap has made a bold move by developing its own Layer 2 blockchain, Unichain. Set to be built on the Superchain using the OP Stack framework, Unichain is currently in its testing phase, with a mainnet launch expected in Q4 2024. This innovative step aims to address Ethereum's scalability challenges and bring Uniswap to the forefront of blockchain evolution.
Unichain is not just about scaling; it represents a massive upgrade for Uniswap’s ecosystem, particularly by migrating part of its liquidity from Ethereum’s Layer 1 to its own network. This shift will unify liquidity pools and significantly reduce slippage, boosting the overall trading experience. Moreover, Unichain will follow Ethereum’s founder, Vitalik Buterin's vision of offloading transactions to L2 solutions, easing congestion on Ethereum’s mainnet.
As Unichain takes form, BME:UNI is expected to become its native token, driving demand as users rely on it for transaction fees, staking, and governance. This integration could bring more utility to BME:UNI , positioning it for substantial long-term gains.
Uniswap’s Dominance: A Force in Decentralized Finance (DeFi)
Uniswap is already a giant in the decentralized exchange (DEX) space. As of October 2024, it leads the market with $5 billion in Total Value Locked (TVL), eclipsing its closest competitor, PancakeSwap, which holds $1.7 billion. Uniswap processes over $350 million in daily trading volume, supporting more than 2,000 token pairs, and has a staggering 1.2 million active users daily.
Uniswap’s innovation continues to cement its dominance. In February 2024, the platform introduced a revamped staking model for its BME:UNI token, transitioning it into a governance and reward asset. Now, with the upcoming Unichain launch, Uniswap is once again ahead of the curve, poised to redefine how decentralized applications (dApps) scale and interact with Ethereum.
Uniswap's Upbit Listing: A Boost for BME:UNI
The recent listing of BME:UNI on Upbit’s KRW and USDT markets added significant short-term momentum to the token. The South Korean market’s enthusiasm for decentralized finance and Ethereum-based projects played a crucial role in BME:UNI ’s 5% price surge, bringing fresh liquidity and investor interest.
This listing coincides with other positive developments, including Uniswap’s $850,000 grant to OpenZeppelin for the development of the v4 Hooks Contracts Library. This upgrade aims to increase the security of Uniswap’s smart contracts while empowering developers to build advanced features like liquidity management and fee optimization with reduced coding risks.
Technical Analysis
On the technical side, BME:UNI is trading within a rising trend channel, up 3.42% at the time of writing. The token has been stuck in a falling trend for over a year, but the combination of fundamental catalysts is starting to push the price higher. A critical resistance level is forming around $11, and a breakout above this point could signal the start of a more sustained bullish campaign.
The 50-day moving average is beginning to converge with the 200-day moving average, indicating a potential golden cross pattern, which is often seen as a strong bullish signal. If BME:UNI manages to climb above the $11 pivot, the next target could be as high as $14.50, followed by longer-term targets at $20 and even $30. On the downside, immediate support is found around $7.80; a dip to this level could trigger a period of consolidation before another leg upward.
Conclusion
Between Unichain’s development, increased utility for the BME:UNI token, and a strong technical outlook, Uniswap is in a prime position for future growth. The listing on Upbit has provided a fresh boost, and the launch of Unichain could serve as a long-term driver for BME:UNI ’s price appreciation. As always, investors should be mindful of volatility, but for those with a long-term view, Uniswap remains one of the most promising projects in the DeFi space.
With BME:UNI showing signs of breaking out of its long-term downtrend and the ecosystem expanding rapidly, now could be the time to keep a close eye on Uniswap and its native token. As the crypto space evolves, Uniswap is well-positioned to remain a key player, leading the charge in decentralized finance innovation.
UNIUSD Will it break above the ultimate Resistance cluster?Uniswap (UNIUSD) broke yesterday above its 1D MA200 (orange trend-line) for the first time since July 03 but failed to close above it. The reason is the presence there of another strong Resistance level, the Lower Highs trend-line started on the March 06 High.
Those two form the ultimate Resistance cluster and only a 1D candle close above both can confirm the start of a new long-term rally. Technically the pattern is a Channel Up since late 2022 and a new rally would be its Bullish Leg.
The previous Bullish Leg rose by +337.70% so if we get that closing confirmation, we will turn bullish again, targeting a Higher High at $20.000 (just below the +337.70% mark).
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Uniswap
The recent downward movement suggests a potential loss of bullish momentum, and if the price breaks below the lower Bollinger Band, it could signify further downside pressure.
There have been notable spikes in volume during both upward and downward moves. The volume around the most recent sell-off suggests increased selling interest, potentially signaling a bearish sentiment.
A rejection from the upper band can be seen, and the current candlestick shows some bearish pressure with a downward wick forming.
Short-term Bias: The current direction leans towards a bearish sentiment as the price approaches the lower Bollinger Band. If the price continues downward and closes below the lower band with increased volume, it could indicate a stronger bearish move.
Support: The lower band near $6.55-$6.60, with further downside possible if this level is broken.
UNIUSD - Plotting A Bullish SituationI expect this current retest of support that was previously a resistance to turn bullish and allow UNI to create a new ATH.
Using the bars pattern tool to sketch a possible crazy bullish outcome.
This is the daily chart.
#UNISWAP good technical outlook & awaiting good news.Greetings everyone!
The latest news surrounding the second cryptocurrency by market capitalization has been confirmed - the SEC has given permission to trade #ETF on #Ethereum. But, the market reaction to this fact was restrained, which suggests that investors need more time for analysis.
However we see a positive trend, cryptocurrencies are being introduced into more and more aspects of our lives and penetration is commensurate with the advent of the Internet.
From our point of view, we are in 1994, when there is still no clear understanding of how the Internet can change our lives, but absolutely everyone understands that this is inevitable. Moreover, the latest information leaks coming from participants in the US election race are making crypto market participants even more happy. Only recently has Bitcoin risen to an institutional level, and today we are already hearing about the possibility of using the first cryptocurrency as a reserve, on an equal basis with gold.
We believe that incoming news may indicate a possible withdrawal of claims from the SEC against many companies, but after permission for ITF from Ethereum, UNISWAP should be one of the first in line.
William Abagnale
Cryptanalyst of Vokcapital.
Uni to shortUni is travelling in a downward channel. one can take a short entry here at 7.98869. for target price of 6.8136000 while stoploss will be 8.4406450.
Unisawp Possible Bullish Move to 9dollarsCHoCH on the 4hr TF, signifying a bullish move and price also heading to a Buy Zone after sweeping liquidity. price possible heading to 9 dollars.
Remember: Risk Management very important.
Uniswap _ Next Target is Triangle Target _ Make a +82% PROFITTriangle Pattern Forming and Expecting Breakout... Offering a Chance to Make +82% Percentage Profit.
(UNI) uniswapauto fib and auto retrace overlay on top of one another for uniswap chart looks like a song that used to play on the radio by a band called foreigner.
Uniswap Foundation Reveals It has $41 Million in Funding The Uniswap Foundation has disclosed that it holds $41.41 million in fiat cash and stablecoins on hand, with an estimated runway through the end of 2025. The foundation plans to use the fiat currency and stablecoins for grant commitments and operating activities, while the CRYPTOCAP:UNI tokens are earmarked for employee token awards. The foundation plans to disburse $25.77 million through 2024 and 2025, with $2.94 million reserved for grants previously committed and $12.7 million for operating expenses. The majority of grant disbursements in Q1 have gone towards protocol developers and governance, with the rest being allocated to innovation, research, and security.
The disclosures come ahead of an onchain vote to upgrade the protocol so its fee mechanism can reward CRYPTOCAP:UNI token holders that have staked and delegated their tokens. Activating a fee switch will mean that CRYPTOCAP:UNI holders are better off at the expense of the protocol's liquidity providers, who have earned fees levied on token swaps so far. The fee switch proposal's authors expect that the new mechanism will incentivize more active delegation and build more engagement in the governance process. However, previous proposals to activate the fee switch have failed to pass on prior occasions. If the May 31 vote results in a different outcome, fees won't be turned on immediately.
Technical Outlook
Uniswap native token ( CRYPTOCAP:UNI ) is down 0.65% down from an overbought territory currently having a Relative Strength Index (RSI) of 72.11 which is poised for further decline.
New up trend started?One of the few protocols that generates revenue (and a ton!). When the regulatory issues clear this should perform well.
Uniswap Introduces ERC-7683 Token Standard, Breakout Lurking Uniswap Labs has introduced ERC-7683, a new token standard designed to streamline cross-chain trading solutions. The standard, which aims to establish a unified framework for intents-based systems to specify cross-chain actions, was proposed in collaboration with the Across Protocol. The standard outlines the steps and standards tokens must meet to work with the Ethereum network and trade smoothly with other tokens.
The proposed standard allows for the implementation of an API for cross-chain trade execution systems, creating a standard set of rules and interfaces for various blockchain networks to facilitate trading. It also calls for a generic structure called CrossChainOrder and defines a standard interface for a smart contract called ISettlementContract.
Uniswap Labs aims to streamline the process of trading assets across different blockchains, making it easier for users to engage in cross-chain transactions while ensuring compatibility and interoperability between various systems. BME:UNI , Uniswap's governance token, is poised to benefit from the development, but its current market statistics make its future uncertain.
Technical Outlook
Uniswap token ( BME:UNI ) is up 10.65% as of the time of writing consecutively experiencing bullish and bearish trends. The asset is in the consolidation zone gathering liquidity for a surge above new levels.
Technical Analysis Report: Uniswap (UNI/USD)Uniswap (UNI/USD) has exhibited significant volatility in the recent trading sessions, navigating through various technical setups and indicators that warrant a detailed analysis. Herein, we delve into the current price trends, supported by a mix of oscillators, moving averages, and volume indicators to provide a comprehensive outlook and strategic trading recommendations.
As of the latest trading session, UNI is priced at approximately $7.54. The price has been oscillating within a confined range but showing potential for an upward breakout based on current momentum and technical setups.
Exponential Moving Averages (EMAs) and Simple Moving Averages (SMAs) across shorter timeframes (10, 20, 30 days) are trending upwards, suggesting a bullish short-term momentum. The price is currently above these averages, confirming a strong buy signal.
Longer-term EMAs and SMAs (50, 100, 200 days) are mixed with some still below the current price but the 200-day indicators signaling a sell, indicating potential resistance ahead.
Oscillators:
Relative Strength Index (RSI) is at 59.82, near the upper threshold of the neutral zone, suggesting slight overbuying but still within a reasonable range for further growth.
Stochastic RSI is indicating overbought conditions which may typically suggest a potential pullback or consolidation in the near term.
MACD is showing a buy signal with the MACD line above the signal line, indicating ongoing bullish momentum.
Volume has been robust, supporting the recent price movements. Increased volume alongside price rise confirms strength in the current trend.
Bollinger Bands are widening which, coupled with increasing price, suggests increasing market volatility and potential for larger price movements.
Technical Patterns and Chart Formations
The price action has formed a symmetrical triangle pattern over the past month, indicating a consolidation phase that typically precedes a significant breakout. The direction, while still uncertain, leans bullish given the other indicators.
If the price breaks above the current resistance level of $7.60, a long position is recommended. Entry Point for Long Position: Above $7.60 after a clear breakout confirmed by an increase in volume.
Target Price: $8.20, calculated based on the amplitude of the prior price swings within the consolidation pattern.
Stop Loss: $7.30 to limit potential downside risk.
Bearish Scenario:
Should the price fail to sustain above the current EMAs and fall below the support level at $7.20, consider a short position. Entry Point for Short Position: Below $7.20.
Target Price: $6.80, reflecting the support found historically near this level.
Stop Loss: $7.50, to mitigate losses should the downtrend not materialize.
UNI/USD shows bullish potential with careful watch required over the $7.60 breakout point for a confirmation to go long. Traders should be vigilant about volume changes and potential overbought conditions that could precede price corrections. As always, these trades should be managed with appropriate risk control measures in place. Trading opportunities are present on both sides of the market, dictated by the forthcoming breakout direction from the current consolidative pattern.
Regular Bearish Divergence on the 4H UNI/USD (Uniswap)**UNI/USD 4H Chart Analysis**
As we examine the 4-hour chart for Uniswap (UNI/USD), a noteworthy pattern emerges, signaling potential trading opportunities. The price trajectory is forming higher highs, a bullish signal under normal circumstances. However, a deeper look with the Commodity Channel Index (CCI) reveals a contrasting picture. The CCI is making lower highs, presenting a classic case of bearish divergence. This divergence suggests weakening momentum despite the rising prices and could foreshadow a possible reversal.
Moreover, UNI's price movement above the weekly pivot point, which stands untouched at $7.432, draws attention. Typically, untouched pivots act as significant levels of either support or resistance. In this context, surpassing this pivot without retest might indicate it as a plausible target for initiating a short position, particularly if other indicators support a downward shift.
Traders should monitor these developments closely, considering the bearish divergence and pivot dynamics, to refine entry and exit strategies in the coming sessions.
