UNIBTC trade ideas
UNI / BTC: Retesting ATH for 3rd time - PT: $120The UNI/BTC pair is currently retesting the ATH of 0.00079 for the 3rd time in a row in the past few days... the more often a coin retests its ath, the more likely it is to breakout on the subsequent retest.
Many are sleeping on UNI recently and once this breaks through the ATH and closes confidently above... it's off to the races for UNI/BTC for new levels of price discovery that will translate to USD equivalents of triple digits or more.
A comparable project would be SOLANA (SOLBTC) ... if you take a look at what SOL did after it broke out from its ATH on the SOLBTC pair, it went parabolic and tripled in USD dollar terms... the equivalent move would mean we would could see UNI at $120-$150 within a couple weeks or by end of May if UNIBTC follows a similar path as SOLBTC.
GLTA and position accordingly :)
$UNI/BTC near the first targets$UNI token has been steadily progressing through the first fib set, slowly nearing the 2.618, aka first high target.
Although the chart is showing some signs of retrace there is not all too much indications in the favor of the same.
Volume is pretty low on the red candles which doesn't indicate a major retrace
Preparing for possible retraces is important thou,
Each of the fiblines ,1.0, 0.764, 0.618 and the 0.5 are potential support levels in case of a shorter term retrace.
If the chart starts showing weakness and breaking through the support levels with ease I expect the 0.236 fibline to provide much harder support and play a role as a new local low and reversal point for further uptrend
Uniswap ready to explode higherAfter the Coinbase IPO, Ethereum and DeFi have gotten a boost again. My belief is that many of the people on Coinbase are big on Ethereum, but also we've exhausted most narratives. We've gone full circle and back into Ethereum and DeFi again. Despite the crash Ethereum recovered quickly and recovered fully which I think was a bit surprising, but the ETHBTC chart and UNIBTC charts are explosive.
With V3 coming for Uniswap, the expansion to other chains or second layers, as well as its complete dominance over other DEXs... Uniswap could be heading for a massive boom. This could be seen as a massive cup and handle pattern and I think that my target is probably the first one and the upside is even larger.
UNI/BTC longIn chart we can see the technical price target of the giant cup & handle pattern in yellow.
When we measure the fibs from all time high to all time low , we can find the golden ration just beneath the c&h price target.
I'm playing safe and will sell just below the 1.618 fib level.
Happy trading
UNIBTC 0.001 incoming with V3 🦐Very nice breakout from symmetrical triangle and daily resistance, The price looks strong. Waiting for the very nice impulse, According to Plancton's strategy (check our Academy), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Crypto|UNI/BTC|LongLong UNI/BTC
Activation of the transaction only when the blue zone is fixed/broken.
The author recommends the use of anchoring fixed the blue zone, this variation is less risky.
If there is increased volatility in the market and the price is held for more than 2-3 minutes behind the activation zone after the breakdown, then the activation of the idea occurs at the prices behind the activation zone.
The idea is to work out the resistance level .
* Possible closing of a trade before reaching the take/stop zone. The author can close the deal for subjective reasons, this does not completely cancel the idea and is not a call to the same action, you can continue working out the idea according to your data, but without the support of the author.
+ Maybe right now we will go even lower, then it's okay, the idea is not activated and simply canceled.
+ ! - zone highlighted by the ellipse is a zone of increased resistance, in this area there is a possible reversal for a correction, please take this factor into account in this transaction.
The "forecast" tool is used for more noticeable display of % (for the place of the usual % scale) of the price change, I do not put the date and time of the transaction, only %.
Blue zones - activation zones.
Green zones - take zones.
The red zone - stop zone.
Working out the stop when the price returns to the level after activation + fixing in the red zone.
Orange arrow - the direction of take.
Black arrow - neutral scenario without activating the trade.
The red arrow - the direction of the stop.
SUM PNL: This parameter displays the total % of all closed ideas of the "new" format (according to the author) for this sector at the time of publication of the idea. The calculation is very "clumsy" just the sum of the profits of all the ideas, based on this indicator, you can more accurately assess the risks when working with my ideas of this sector. I present you the construction of the idea, you can use it yourself as you like based on your subjective view and risks, the calculation of the PNL indicator is carried out only on transactions that the author closed on TV in manual mode or by take.
P.S Please use RM (risk management) and MM (money management) if you decide to use my ideas, there will always be unprofitable ideas, this will definitely happen, the goal of the system is that there will be more profitable ideas at a distance.
Wedge or Running flat?🔥Do you believe in crypto?💯
We have one more formation on crypto market
What do you think? Is it Wedge or Running Flat?
The price is in a strong bullish sentiment.
According to Elliott Waves theory all the waves are done and now the price should head to the breakout.
So follow the chart and look for the clear breakout.
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UNIBTC breaking out?Hi there,
I'm new to trading, FOMO'ed myself a bit too quickly into some crypto (I know...), one of which UNISWAP. I first wanted to buy and hold all my assets, but after diving into it I really enjoy discovering trading and am considering doing some trend trading. Have been doing some research and am planning to continue doing so and practice a lot. This is my first attempt at an analysis for UNISWAP.
Signs of breakout above resistance about to occur:
1. BTC dominance lowering
2. Higher highs, higher lows
3. Multiple tests of resistance level
4. Trading above 100 & 200 MA
5. Trading above 20 MA
6. 20 MA just crossed 50 MA
7. 200 MA is moving up
8. Candle 21 April closed above 50 MA. Next green candle closed above high of that candle.
9. RSI divergence: RSI high is lower, price is higher (black lines)
10. Ascending triangle pattern
11. Rising OBV
What to watch for next:
1. Continuation of signs
2. Increase in volume
3. Break above resistance
Possible longer-term strategies/exits:
1. Hold at least until after V3 update in May
2. Assume ETH Upgrades are going to push ETH higher and pull up everything ETH based with it. See how that plays out.
3. Exit position when passed entry point and downtrend signals form
Feedback welcome!
$UNI, Making a HH above all previous levels.. $UNI
Making a HH above all previous levels but listing on binance
Volume increasing on the daily as UCTS is bullish (buy signals) across the board..
Looking at ~80k sats as next target from here. Retests of ~63k crossed level should be used as entry (if happens)
🤞🍀
#UNI
UNIBTC is creating a descending channel 🦐The price is creating a descending channel between weekly structures. IF the price will have a breakout upward, According to Plancton's strategy (check our Academy), we can set a nice order
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
