UNIUST trade ideas
UNI-USDT(Ascending Triangle Breakoout)1. With TVL in the DEX protocols standing at $16 Bn, Uniswap stands in the third position with $4 Bn locked in its protocol.
2. UNI has been trading above its 20 and 50 DEMA. It is not able to sustain above $35. Closing above $35 on Daily Time Frame may trigger fresh buying to the upside to the levels of $39 followed by $45 .
3. The support to the lower side is present at $32.5 .
💡Don't miss the great buy opportunity in UNIUSDT @UniswapTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (22.60).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. UNIUSDT is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 50.
Take Profits:
TP1= @ 27.95
TP2= @ 32.33
TP3= @ 35.72
TP4= @ 40.55
TP5= @ 46.70
SL= Break below S2
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💡 Don't miss the great buy opportunity in UNIUSDTTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (8.95). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. UNIUSDT is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 70.
Take Profits:
TP1= @ 12.10
TP2= @ 13.50
TP3= @ 15.00
TP4= @ 17.16
TP5= @ 19.34
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
UNI/USDTWe can look long in this for the targets of 5.29, 5.65, 6.09 with supports 4.589, 4.38, and 3.93.
For long term target is 7.100
UNI/USDTUNI formed sym triangle and now its breakout, it has nice volume which is good sign.
MACD and Ichimoku indicator are seen positive, but can it break the strong resistance at the level of 4.22 it still doubt.
like and follow for more
Have a nice trading
