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Uniswaptoken

UNIUSD: Gains will be short lived!UNIUSD Intraday - We look to Sell at 7.927 (stop at 8.857) The primary trend remains bearish. Buying pressure from 5.800 resulted in prices rejecting the dip. We look for a temporary move higher. Resistance is located at 8.000 and should cap gains to this area. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower. Our profit targets will be 5.802 and 5.500 Resistance: 6.500 / 7.000 / 7.500 Support: 6.000 / 5.500 / 5.000 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
VANTAGE:UNIUSDShort
by VantageMarkets
UNI (Uniswap) Token Analysis 20/03/2021Fundamentals: Uniswap is a popular decentralized trading protocol, known for its role in facilitating automated trading of decentralized finance (DeFi) tokens. An example of an automated market maker (AMM), Uniswap launched in November 2018, but has gained considerable popularity this year thanks to the DeFi phenomenon and associated surge in token trading. Uniswap aims to keep token trading automated and completely open to anyone who holds tokens, while improving the efficiency of trading versus that on traditional exchanges. Uniswap creates more efficiency by solving liquidity issues with automated solutions, avoiding the problems which plagued the first decentralized exchanges. In September 2020, Uniswap went a step further by creating and awarding its own governance token, UNI, to past users of the protocol. This added both profitability potential and the ability for users to shape its future — an attractive aspect of decentralized entities. Uniswap exists to create liquidity — and therefore trading and the value that trading provides — for the DeFi sphere. One of the major AMMs in operation at present, the protocol functions using a formula for automated exchange — X x Y = K. Founder Hayden Adams describes himself as the inventor of the particular implementation of the formula on Uniswap. Uniswap is not just a decentralized exchange; it attempts to solve the issues that platforms such as EtherDelta experienced with liquidity. By automating the process of market making, the protocol inceventizes activity by limiting risk and reducing costs for all parties. The mechanism also removes identity requirements for users, and technically anyone can create a liquidity pool for any pair of tokens. According to Uniswap, their governance token (UNI) was created in order to “officially enshrin Uniswap as publicly-owned and self-sustainable infrastructure while continuing to carefully protect its indestructible and autonomous qualities.” Uniswap came about as a plan to introduce AMMs on Ethereum to a wider audience. The platform’s creator is Ethereum developer Hayden Adams. Adams worked in various projects while finalizing Uniswap, and his work was informed directly by Ethereum creator Vitalik Buterin. Buterin even ended up giving the protocol its name — it was originally known as Unipeg. Adams has also said that the original inspiration for the Uniswap platform came from one of Buterin’s own blog posts. His original idea to focus on Ethereum came after a friend convinced him to begin researching and understanding the protocol in 2017. Current Fundamentals: The live Uniswap price today is $34.22 USD with a 24-hour trading volume of $888,258,314 USD. Uniswap is up 15.36% in the last 24 hours. The current CoinMarketCap ranking is #8, with a live market cap of $17,858,908,377 USD. It has a circulating supply of 521,835,076 UNI coins and a max. supply of 1,000,000,000 UNI coins. The top exchanges for trading in Uniswap are currently Binance, Huobi Global, Upbit, OKEx, and BitZ. You can find others listed on our crypto exchanges page. Technical Analysis: the price is Rallying in a wedge and there are some retracement chances too but there exist a Hidden Bullish Divergence with MACD which is the sign of trend continuation. overall we are bullish on this Token and there are 3 Targets defined in case of Price Retracement to Fibonacci retracements 61.8% then we can target 2 TP in case of Direct Rally to the 2TP followed by some Nominal Retracement and Price Correction then the 3 TP gets Confirmed.
Long
by BitonGroup
8
UNI's next move after the triangle pattern breakout?Uniswap token has been continuing its downtrend below the descending trendline since early February. Despite the bearish trend, the UNI token gained 7.20% of its gain this week. At the end of February, the nature of the Uniswap token was highly volatile, but the liquidations have been gradually decreasing over the past several days. Amin of low liquidations, the token has gained 22% trading volume in the last 24 hours. Furthermore, the volume to market capitalization ratio is 0.3341. Today, UNI investors are getting prepared to reach into the red zone of the Ichimoku indicator in terms of the daily price chart. But at the time, bulls are getting rejected from the leading span A (at $8.9-mark). Above the leading span A, the next bullish hurdle will be leading span B. Stoch RSI has taken support near 20-level and bounce-back. It is seeing bullish signals for the Uniswap token relative to the daily price chart. Furthermore, the Average Directional Index is at 21-point, which suggests a sideways momentum for the UNI token. The range of the descending triangle pattern is getting narrower day by day, so possibly the Uniswap token is about to give a directional trend signal. Buyers have a great chance to push the price of the token higher. Support level - $8.0 and $6.5 Resistance level - $10 and $20
by TheCoinRepublic
UNI - when will this decline stop? UNI, like the entire cryptocurrency market, has adjusted a lot. The price was down as low as $13 at one point. It is worth highlighting that there is a lot of volume at the bottom and this is at least a good signal for local growth. In any case, the market has cleared a lot of futures positions and the situation in terms of fundamental and technical picture is starting to come back to normal. A false break of the $13 level or a breakout of the local trend line could be a good buying opportunity. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade.
Long
by Yuriy_Bishko
2