It seems like the downmove is close to its end, which makes me feel bullish regarding the UNI token, again... I see similar situation as before, at the last bigger up-move. On h4 the MACD is trying to turn back to the green zone again, slowly, while on h1 the price is about to draw a clean and strong continuous divergence. If it all happens, that will confirm a...
The current situation: 1. Price action had a double bottom apparent yesterday, 9/29, as highlighted in green, but did not end up reversing. It closed back on top of the 0.786 Fib level but did NOT hold. After, has formed a double to instead with the neckline at about 4.15 USD and a measured target of about 3.85 USD. The measured target of this double-top pattern...
The current situation: 1. Price action has formed a double bottom on the 1HR chart, which is a bullish pattern with the neckline at about 4.45 USD and a measured target of about 4.75 USD. Currently, the 1HR 50MA and the 0.786 Fib level (the gold line) are acting as resistance. 2. There is bullish divergence on the 4HR chart so it could be a catalyst for a...
The 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...
I think this is what they call a hidden bullish divergence. I believe this indicates continuation of the uptrend. I am still new to trading so if this is not right, please correct me in the comments!
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...
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...
The 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...
The current situation: 1. Price action has broken out of the falling wedge and now has formed an ascending triangle subpattern. The measured target of the breakout from the ascending triangle, at about 6.5 USD, is still within the breakout range of the bigger falling wedge, at about 7.3 USD There is no other moving average acting as overhead resistance at this...
The current situation: 1. Price action had previously broken out of the falling wedge at about 4.3 USD with the measured target to be about 7 USD. After breaking out, the price action was rejected at the 6HR 21 moving average at about 5.4 USD. It has found support back at the 0.786 FIB level at about 4.3 USD. There is also a POSSIBLE head and shoulders pattern...
Going long to close out this 50% valley, target sell at $5.56 Possible pullback to $5.03 (~$5 psychological level) before wicking the top of the valley Bought under $4.5 support big chillin
The current situation: 1. Price action has been in this falling wedge since reaching the previous high and it has not gotten on top of the 1HR 50 moving average since. The 1HR 21 moving average is flattening out, which looks like signal for a reversal. In the area of the possible breakout, it an ascending triangle does seem to be forming, which is a bullish...
Going to $13 Chart looks so good and the hype is nowhere near over. First stop is pivot on 4hour around 6.80. Will bounce around then rip and the social media pandamonium will go hard.
price break the falling wedge adding some here with twitter shilling let's see how this one goes Long : 4.13 - 4.15 Stop : 3.4 Target : 4.8 , 5 , 6 , 7
#UNISWAP TA Update:- 1. #UNISWAP now trading at 73098 sats, and converging into a falling wedge. Falling wedge ends with a Bullish move. So 1st Confirmation is Falling Wedge. 2. Also UNISWAP is approaching Demand Zone which is at daily support. The daily support level at 29552 is going to be tested 1st time, so 90% chances are the rejection. 3. There is a...
The current situation: 1. Price action has been continuing in this falling wedge as seen on the hourly chart and has bounced off the 0.786 FIB level at about 4.4 USD. There is also a double bottom apparent with the neckline at about 4.6 USD. The measured target for the double bottom pattern is about 5.05 and the measured target for the breakout of the falling...
Updated Chart with some key resistance and support levels to maneuver the landscape of the unicorn.