Anons, please tell me you're not that RETARDED that you can't see the most OBVIOUS bullish descending wedge?! Ontop of it on the most BULLISH coin of 2020, with V3 coming out any day now. Andre holds 380k UNI coins and is going to make big changes in UNI.
This is literally going to fly to 10$+ once it breaks out of this wedge. Don't say I didn't warn you faggots
TA is bullshit even with historical data, why would it work with something that nobody paid for at first and is like 4 days old?
Xavier Sanchez
that is not how memelines work. yes, it will have a minor bounce of maybe 10% then its down again into a falling triangle
Colton Barnes
Because bots on exchanges know traders (normies and noobs in particular) follow these TA patterns, and can easily PnD them. It's literally shark bait for these CEX's
Jonathan Adams
I've seen it time and time again, on various coins, in particular those on Binance. It's literally free money with the fomo behind it
Cooper Green
Lol no, 1b total supply for a governance token
Nathaniel Baker
this, wedges usually stack downward
Easton Jones
Who says long term? Kek, you do realize the short term fomo/potential behind this right?
Bentley Garcia
you can't draw an upward line with arbitrary (!) length just because it is in a falling wedge right now. every goddamn bubble ever bursts as a cascade of falling wedges. falling wedge (what you drew) ==> minor pump ==> another (smaller) falling wedge ==> even smaller pump ==> repeat until you have a massive falling wedge (bearish pattern) => capitulation
study the BTC 2017/2018 bubble burst if you don't understand my description, or maybe google "market cycle" in google images.
this is how every goddamn bubble in history has resolved and it is the same here. it will not magically go to ATH just because of a bullish pattern but instead this is roughly half of an extremely bearish pattern and all you're getting is a minor pump
i'm not going to respond any further because this is extremely elemental stuff
Jack Hall
meant to write: *repeat until you have a massive falling TRIANGLE
Hudson Long
we unifags believe that holding uni will earn them more uni, which means basically keeping the share of MC
Jonathan Reed
hello bagholder
Josiah Thompson
What price should I buy in?
I'm thinking 4.2-4.5
Blake Price
~3$ capitulation based on TA
Kayden Parker
LINK also has 1b total and it pumped to $20. Governance can vote to add protocol fees to UNI holders. You dont gnow wtf you're talking about. Fuckoff newfag
Tbh descending wedge as a bullish sign is way over estimated. Launch hype is over, it gonna dump a while longer before getting back on track.
Jacob Nguyen
Only smart user itt
Mason Powell
I think $15 will happen within two weeks.
Aiden Thompson
why is no one mentioning the fact that people getting 400 UNI per adress for free is bearish?
Jackson Sanders
its actually bullish, considering that everyone was given so much and it pumped to $8. means that there was so much buy pressure even though every pajeet had $2k+ it still pumped. imagine whats going to happen when most 400 wallets are gone and it goes live? :)
The buy pressure existed because for the first time at launch whales didn't already have massive bags ahead of everyone else other than uniswap devs and investors as stated in the announcement. They had to rip them from the hands of every pajeet and wagecuck the old fashioned way by market buying a metric fuck ton. Now the whales are in control again and we no longer get to ride with the whales so freely until they decide if they ever even do again.
Luis Stewart
First time this has been at something other than Sell or OHMYFUCKINGGODSELL.
Is this the sign the whales have decided this is the bottom and are now scooping up weak hands?