#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 Volume Divergence. Price is decreasing but there is no Selling volume, indicates the weak hands are selling but the whales are accumulating slowly. Also, downtrend must be supported
with large volume. Since there is less selling volume, so there are high chances that UNISWAP is going to Move upward from Demand Zone.
Daily Support: 29552 (Demand Zone)
4h Support: 21503 (Below That You can put Stoploss or Average Out In worst Case)
Confirmation For Uptrend:
Falling Wedge ----- Approaching Demand Zone ----- Volume Divergence
Always implement Risk Management. Don't Invest All.
Invest 10-15% of capital, then in case price dumps, invest rest 10% to average out.
For averaging out, put orders atleast 15% below your buying price to properly average out.
Thanks.
Please give a like to this post. Thanks.
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 Volume Divergence. Price is decreasing but there is no Selling volume, indicates the weak hands are selling but the whales are accumulating slowly. Also, downtrend must be supported
with large volume. Since there is less selling volume, so there are high chances that UNISWAP is going to Move upward from Demand Zone.
Daily Support: 29552 (Demand Zone)
4h Support: 21503 (Below That You can put Stoploss or Average Out In worst Case)
Confirmation For Uptrend:
Falling Wedge ----- Approaching Demand Zone ----- Volume Divergence
Always implement Risk Management. Don't Invest All.
Invest 10-15% of capital, then in case price dumps, invest rest 10% to average out.
For averaging out, put orders atleast 15% below your buying price to properly average out.
Thanks.
Please give a like to this post. Thanks.