{"id":474798,"date":"2022-07-15T19:53:13","date_gmt":"2022-07-15T16:53:13","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/uniswap-price-risks-45-crash-by-september-despite-robinhood-listing\/"},"modified":"2022-07-15T19:53:13","modified_gmt":"2022-07-15T16:53:13","slug":"uniswap-price-risks-45-crash-by-september-despite-robinhood-listing","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/uniswap-price-risks-45-crash-by-september-despite-robinhood-listing\/","title":{"rendered":"# Uniswap price risks 45% crash by September despite Robinhood listing"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3a7a71dea34\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3a7a71dea34\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/uniswap-price-risks-45-crash-by-september-despite-robinhood-listing\/#%E2%80%9D_Uniswap_price_risks_45_crash_by_September_despite_Robinhood_listing_%E2%80%9C\" >&#8221; Uniswap price risks 45% crash by September despite Robinhood listing &#8220;<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/uniswap-price-risks-45-crash-by-september-despite-robinhood-listing\/#A_45_UNI_price_crash_ahead\" >A 45% UNI price crash ahead?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/uniswap-price-risks-45-crash-by-september-despite-robinhood-listing\/#UNI_price_bullish_catalysts\" >UNI price bullish catalysts<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Uniswap_price_risks_45_crash_by_September_despite_Robinhood_listing_%E2%80%9C\"><\/span>&#8221; Uniswap price risks 45% crash by September despite Robinhood listing &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-28d77a7a>The latest Uniswap (UNI) chart pattern suggests that investors should be prepared for a correction after gaining nearly 20% over the past week.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"A_45_UNI_price_crash_ahead\"><\/span>A 45% UNI price crash ahead?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>UNI&#8217;s price has been trending upward since mid-June inside what <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ears to be a &#8220;rising wedge,&#8221; which traditional analysts view as a bearish reversal pattern due to its history of luring bulls into buying fake-out bounces.<\/p>\n<p>Therefore, rising wedges resolve after the price breaks below the lower trendline. Traders typically calculate a rising wedge&#8217;s downside target by subtracting the distance between its upper and lower trendline from the breakdown point.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-07\/6ee5a192-8ae5-4fea-8312-3528a606825f.png\"><figcaption style=\"text-align: center;\"><em>UNI\/USD daily price chart featuring &#8216;rising wedge&#8217; setup. Source: TradingView<\/em><\/figcaption><\/figure>\n<p>That puts UNI&#8217;s downside target at $3.8 by September 2022, down 45% from July 15&#8217;s price if the breakdown begins near $6.52. However, the target would shift upward to $4.65 if the breakdown originates at the apex, i.e., where the wedge&#8217;s trendlines converge, resulting in a drop of 32.25% from July 15&#8217;s price<\/p>\n<p>Interestingly, a rising wedge also formed between February and April. The pattern snapped a 65% upside move, with a broader 70% price slump that took UNI&#8217;s value to $3.56 per unit from around $12.50.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"UNI_price_bullish_catalysts\"><\/span>UNI price bullish catalysts<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Simultaneously, Uniswap has also been painting an inverse head and shoulders (IH&amp;S) pattern\u00a0with an upside target sitting around $9.50, up 40% from current price levels.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-07\/e8a23e0b-5559-45fc-9618-e719b763d5e6.png\"><figcaption style=\"text-align: center;\"><em>UNI\/USD daily price chart featuring IH&amp;S setup. Source: TradingView<\/em><\/figcaption><\/figure>\n<p>The bullish setup has one fundamental backing: Robinhood.<\/p>\n<p><strong><em>Related:\u00a0Crypto exchange FTX is looking into acquiring Robinhood: Report<\/em><\/strong><\/p>\n<p>Notably, the U.S.-based zero-fee trading app announced on July 14 that it had added Uniswap to its portfolio of cryptocurrencies for its 22.8 million retail investors.\u00a0<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">UNI is now on Robinhood <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Uniswap?ref_src=twsrc%5Etfw\">@Uniswap<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/CryptoListing?src=hash&amp;ref_src=twsrc%5Etfw\">#CryptoListing<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/KBoYMziAyc\">https:\/\/t.co\/KBoYMziAyc<\/a><\/p>\n<p>\u2014 Robinhood (@RobinhoodApp) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/RobinhoodApp\/status\/1547608038860697606?ref_src=twsrc%5Etfw\">July 14, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Robinhood&#8217;s listing doesn&#8217;t guarantee an extended bull run, however, as the market has witnessed in Shiba Inu&#8217;s (SHIB) case. <\/p>\n<p>Notably, the firm&#8217;s decision to list SHIB assisted the token in rising by almost 20% on April 12 but couldn&#8217;t help it hold on to its gains. SHIB&#8217;s price has crashed by nearly 60% since its Robinhood&#8217;s listing.<\/p>\n<p class=\"post-content__disclaimer\">The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.\n<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/uniswap-price-risks-45-crash-by-september-despite-robinhood-listing\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Uniswap price risks 45% crash by September despite Robinhood listing &#8220; The latest Uniswap (UNI) chart pattern suggests that investors should be prepared for a correction after gaining nearly 20% over the past week. A 45% UNI price crash ahead? UNI&#8217;s price has been trending upward since mid-June inside what appears to be a&#8230;<\/p>\n","protected":false},"author":1,"featured_media":474799,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDcvZjcyOWYwMWMtZjhjOS00M2Q3LWE4NzYtNGEyZWRmZWJiMWE5LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,88119,74877,74939,122237,78261,88700,73785],"class_list":["post-474798","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-altcoin-watch","tag-decentralized-exchange","tag-market-analysis","tag-shiba-inu","tag-tech-analysis","tag-uniswap","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/474798","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=474798"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/474798\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/474799"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=474798"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=474798"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=474798"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}