Uniswap
UNI/USDT Chart 18/03UNI may retest the previous high around 33.4 as it looks like MAs 13 and 34 are likely to cross in 16-24 hours and the 99 MA has been a strong support in the past few days.
We found support at 28.52 and bounced back up, then retested the resistance in the 31 area which did not offer too much chances to break out.
However, if it manages to go past this area and find good momentum, we might see UNI aim to previous highs.
If, on the other hand, it fails to do so and breaks down the support at 28.52 then we could be caught in a downtrend and retest the support in the 25 area.
UNI - $40 TargetA quick view of UNI. in the immediate term - Trying to break up into channel above. I think I saw something similar in Link.
$40 target seems reasonable by end of March. Stretch target of $45
Note these charts take me about 60 seconds to build so they are not always 100% inline with support / resistance but I'd argue they are 99% accurate and do a good enough job to identify key trends :)
Best, Hard Forky
CAKE sidelining CAKE REVIEW
Rough consolidation for CAKE, just experienced a bad event recently with the DNS attack, luckily the team managed it really carefully.
Most of the value of CAKE remained because of people staking it and using farms for rewards.
Price action could be explained by less buyers in and more early adopters selling to invest elsewhere. Lack of new incentives to buy $CAKE is reason why price is slowly dropping. As long as TVL remains high and solid, I wouldn’t panic.
The fact that the price is under the 200EMA in the 4H chart makes me kinda bearish, but when we zoom out to the daily we are only near the 50EMA, which is still fine for now.
RSI has been under 55 for the main time since mid February (but never went completely oversold)which shows that a lot of people are still holding and staking.
Pancake is willing to be the Uniswap of Binance, for so it has revamp itself, which is going to happen before June 30th with CAKE V2 to happen in Q2.
On a fundamentals perspective, I am really bullish on CAKE since they are planning to change the contract for migration and develop:
* The ability to create a referral program (users can earn a percentage from referral fees).
* Adding an automated buyback and burn mechanism (from trading fees).
* Enable automatic compounding on syrup pools.
* Enable access to minting logic; governance votes decide on emission rates.
* LENDING & BORROWING
PancakeSwap is currently working on a Minimal Viable Product (MVP) version for lending and borrowing. The high demand for such products can be seen in projects like Venus, which is currently the project with the highest TVL on the BSC. PancakeSwap wants to be able to offer this service to its users as well. The fees generated by lending and borrowing would be used to buyback and burn $CAKE. This product will be released after the release of their prediction market.
These are the reason why I would buy more if ever we would retest the red support at 5$.
Otherwise I’d keep staking in the syrup pool and earn juicy CAKE that I would sell not less than 22$
Cheers
$UNIUSD | Model Gives Bullish Signal | Identifies New ATH'sHello Traders,
The Model has identified new targets in UNIUSD. Targets and Support identified on the chart.
The model tries to identify pressure points in any given market. The pressure points themselves identify the breadth and strength of the move to come. It exists in all time frames and can be applied to any market. The targets are printed as data is fed into the algorithm. The further away from the pressure point, the lower probability it has of attaining such levels and the higher the probability of a correction/reversal.
Uniswap (UNI) - March 14Hello?
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You should watch for any movement that deviates from the 30.316-37.402 segment.
If you fall from 30.316, you can touch 23.230, so you need a short stop loss.
However, you need to trade carefully as you can touch the uptrend line (2) and go up.
We need to see if the uptrend begins as the trading volume increases.
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** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume.
Just for convenience, we are talking upside down for interpretation of the indicators.
** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator.
Hence, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.)
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day.
G1: Closing price when closed
G2: Market price at the time of opening
(Example) Gap (G1-G2)
Uniswap (UNI) Forming Road to $40+My favorite Unicorn. Uniswap has been having a beautiful run up this year to say the least. Just recently Uniswap has solidified a top 10 cryptocurrency status as of last week making this one of the most valuable cryptocurrency projects and exchanges in the world. Given the innovation and technology behind Uniswap I'm not surpised. It is now the most used decentralized exchange (DEX) in the entire world. Cheers to all the Uniswap holders! History is constantly in the making.
We have a nice strong uptrend on Uniswap we've been holding since January 21st 2021. If we continue to hold this trendline we will see Uniswap's next destination going to $40.00 plus and beyond. Especially when V3 is announced, finalized, and implemented there likely be a nice run up. Keep an eye out for Uniswap's V3 upgrade. As decentralized finance (DeFi) grows Uniswap grows.
Much peace, love, health and wealth.
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ELON MUSK SPACEX First PAYMENT POSSIBLE DOGECOIN and this are ..Hello friends,
Dont take this as news or trend - its only a possible expecting from thinking depending on Elon musk Meta-Mind, there are still not confirmed detials about this News, i did got some reply today about that elon musk are so crazy that he would use DOGE COIN AS first payment of SPACEX by known person who follow elon musk for long time and writte about him, and if this happend, Dogecoin will explode. in this case i agree with him totaly. its a possible way of thinking. and when i did check most tweet of elon musk, and did add some study trend, i came to the same results that this would have big chance to happend.
You know we should trend and think before the news , why would ELON musk add so much on twitter and believe so much into doge, if its just for not long time goal. i will be not socked if we see soon the news that Doge coin will be use for SPACEX PAYMENTS.
# Again this are not a confirmed news - but its a possible rage, that Elon Musk will do this. he dont twitter for noting so long time about this coin, just check him twitter.
I just have made you to think about this, and its not to an taking action . as you know we should always think before the News. there are trends that shows Doge coin are very interesting by ELON MUSK and nobody can say its not true.
Discipline are the key to success - Take profit - Learn from your mistakes and never give up!
The reason 1 that 90% of traders lose, not because they can't trade, but because they trade emotionally.
if this appeals to you then learn yourself first before starting with trading.
#Always do your own research don't follow us or someone else blindly
Unistake Long next target 64centsUnistake is at support and fibonacci level is there , waiting for next target .
UNIUSDT (UNISWAP) Descending channel breakoutUNIUSDT (1H CHART) Technical Analysis Update
Descending Channel Breakout
UNI/USDT currently trading at $31.40
Buy-level: 31.00$ TO 31.40$ (Wait for the small retracement
Stop loss: below $29.40
Target 1: $32.40
Target 2: $34.80
Target 3 : $37.00
Target 3: $40.00
Max leverage: 3x
ALWAYS KEEP STOP LOSS...
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UNI - 6h. The ultimate target of the correction is $17-18Renewing the historical high will not always mean a confident continuation of the growth trend. A clear example of this fact is the UNI market . On March 7, buyers managed to update the previous historical maximum of $32.99 . However, as we can see in the chart, the breakdown of the critical point was unsuccessful. Buyers were unable to establish themselves above this mark. In addition, trading volumes at the break of the mark of $33 were much lower than the previous time. These facts allowed the sellers to organize a counterattack and lower the price to $29.5. Given the passivity of market participants to both buy and sell, there is a high probability of continued movement of the UNIUSDT price in the wed ge.
If sellers manage to continue the local wave of decline, we will expect the UNI price in the range of $26,4-27. This range is quite well protected by buyers. We wrote about this in the previous idea:
In this idea, we have shown a negative scenario if the price of UNI breaks down. However, a positive scenario of accelerating the growth of the UNI price is also possible. In either scenario, a $17-18 test is required.
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UNI - 6h. What UNI needs to Grow 70%?It has been 19 days since the UNI market has been in consolidation. The growth of 600% from the end of December 2020 should be corrected. In this case, the correction takes place in the consolidation range and does not suggest that the UNI price will continue to fall.
Critical range of $16.7-17.7 is guarded by buyers. During the consolidation, trading volumes on the UNI market dropped significantly, which indicates the absence of aggressive sellers.
If buyers hold the $16.7-17.7 mark by the end of the week, we will expect the UNI price to continue rising with a target of $33-34 .
However, it would be ideal if buyers can maintain the local range that has always helped buyers continue the trend - the range of $18.8-19.2
We will consider an alternative scenario for the continuation of the UNI price fall to $13-15 only after breaking through the range of $16.7-17.7
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We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements.
Subscribe to us and get daily concise analytics!