UNIUSD trade ideas
UNIUSD - Sell set up C wave - Ellliott wave analysisWelcome guys,
CycleWave is the top author sharing trade ideas based on EW analysis since last four months on the global stocks, currency pairs, cryptos, future indices and commodities.
UNIUSD - It is in ABC correction from major top, where A and B wave seems completed. and it is in C wave down where 3rd of 3rd down is in progress, so sell it in smaller bounce upto 4.78-4.86 with stops above 4.96 for target below 3.60 or even lower. It is possible that it can go higher to extend 2nd subwave correction. but stay as per plan for sell trade set up.
Bearish pattern apparent watch out for this level of supportThe current situation:
1. A complex head and shoulders pattern is still apparent on the 1HR chart and price action has fell through the 6HR 21MA, which has been acting as strong support for the past few days since price action gotten on top of it. The neckline of the pattern is at about 4.7 USD and the measured target is about 3.8 USD. The next level of support if price action breaks down is the 0.786 Fib level at about 4.35
The bullish case: price action needs close back on top of the 6HR chart in order to start looking bullish again to retry the resistance at 5.25
The bearish case: price action breaks 4.7 and goes towards the Fib level at about 4.35
*Let me know in the comment section if you agree or disagree, would love to hear your ideas too.
*These are purely my speculations and not financial advice. You should always do your own due diligence before trading or investing.
uni usd prepping for a bullish few daysuni after a week of lackluster activity looks poised to make a bullish run up for a few days, ive been eyeing this one for a few days and I think with the slight tick up of the crypto market and eth and btc showing signs of life I think its time, now or never for uni to make a run of it. hopefully I can swing a few % off this what do yall think? I see solid low activity on the MA and a crossing with decent separation with 3 white soldiers formed on the 1 hour and steps on the 15. im not gonna draw up trend lines and channels I just think in three days well be at the top of the semi circle hovering at 5.5 or so
Failed breakout - watch out if THIS level of support breaks The current situation:
1. The price action previously failed to break out of the ascending triangle that was in (see my previous posts) and now it looks bearish as a head and shoulders pattern is more apparent on the 1HR chart. The price action has also broken below the 4HR 21MA and now the moving average that is acting as support is the 6HR 21MA. This is also at about the neckline of the head and shoulders pattern, with a measured target of about 3.8 USD
The bullish case:
1. The price action bounces off the 6HR and retry the resistance at about 5.25 USD
The bearish case:
1. Price action breaks below the 6HR 21MA, under which the next level of support is the 0.786 FIB level at about 4.35 USD
*Let me know in the comment section if you agree or disagree, would love to hear your ideas too.
*These are purely my speculations and not financial advice. You should always do your own due diligence before trading or investing.
UNI'S CLOSING WEDGE at $5Set up the bottom from before Uni was listed on Coinbase. The top is linked to its rise before going parabolic. Also added some fib levels for future support/resistance. Lets see how it shakes out.
Uniswap / Usd - Time to go long?It could be the bottom of the down move (at least in near short term). Waiting for the patterns / break outs, while the candle right here on the support line seems like a good entry sign to buy with great RR ratio, including tight SL. What do you think? I see similar head & shoulders pattern on Dollar index...
Uniswap / Usd - Time to re-entry??I'm about to re-entry for a second bullish wave at this moment. Will it goes up, or the bears gonna win this fight? Nobody knows, but I see potential in this price level - as a possible false break down -, and I can take action here with tight SL again. What do you think? Is there anybody who thinks the same?
UNI PERP LONG NIce continuation to the upside , this one still has some steam to go up but not to all time high.
#UNI waiting waiting on triangle to complete
imo it should breakup cause HTF fibs have held support well
this is my setup for LONG -
In case we reject at red-box will look to short
Wait for it to dump first, UNI (possible set up)Right now we are in a place where people are probably dumping the free uni airdrop, so I won't be entering until we have a clear change of market structure. It could bounce off a decent fib, but I expect a pretty deep continuation at this stage.
UNIUSD LONG***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
Failed breakout but another retry looks to be on the wayThe current situation:
1. Yesterday, 9/24, price action attempted to break out of the ascending triangle as shown but had failed and got rejected at about 5.55 USD. Now it has retreated back to the 1HR 50MA at about 5 USD as support and the bottom trend line is now adjusted for a bigger ascending triangle. If price action breaches the 1HR 50MA, the next level of support is the 4HR 21MA followed by the 6HR 21MA.
A complex head and shoulders pattern also apparent on the 1HR chart, so this should be paid attention to in case the bulls do not hold up the price.
Looking at the price action from the 6HR chart, this is still appears to be a bullish setup as price action broke the 21MA and now is retesting it as support. The resistance to break is still the FIB level at about 5.25
*Let me know in the comment section if you agree or disagree, would love to hear your ideas too.
*These are purely my speculations and not financial advice. You should always do your own due diligence before trading or investing.
