Uniswap (UNI) 1DAY UPDATE BY CRYPTOSANDERSHello, welcome to this UNI/USDT 1DAY chart update by CRYPTOSANDERS.
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CHART ANALYSIS:-Uniswap (UNI) rebounded in today’s session, snapping a two-day downtrend in the process.
UNI/USD hit a peak of $6.03 earlier in the day, which comes less than 24 hours after hitting a low of $5.74.
This surge comes as bulls rejected a breakout of a floor at $5.70 on Thursday, with the target now seemingly a resistance of $6.50.
In order to recapture this point, UNI traders will first need to overcome an upcoming ceiling on the RSI indicator.
As of writing, the index is tracking at 45.16, which is under its aforementioned resistance of 48.90.
Bulls will likely need to be cautious, as the momentum of the 10-day (red) moving average appears to still be bearish.
This is not a piece of financial advice.
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UNIUSDT trade ideas
Uniswap (UNI) Price Prediction 2022Uniswap(UNI) Price Prediction 2022
Uniswap(UNI) holds the 18th position on CoinGecko right now. UNI price prediction 2022 is explained below with a daily time frame.
The above chart of Uniswap(UNI) laid out an Ascending Triangle pattern, The ascending triangle is a characteristic pattern of an ongoing bullish trend. This triangle is formed by a horizontal upper trendline that connects the highs and the lower trendline that connects the rising lows. If the trend breaks out at the resistance level, the price will continue to move up in this ascending triangle pattern.
Currently, Uniswap(UNI) is in the range of $5.97 If the pattern continues, the price of UNI might reach the resistance levels of $6.57 and $7.82. If the trend reverses, then the price of UNI may fall to $5.41 and $4.72.
Uniswap(UNI) Support and Resistance Levels
Resistance Level 1 $5.99
Resistance Level 2 $8.09
Resistance Level 3 $9.93
Support Level 1 $4.57
Support Level 2 $3.51
Happy Trading
Short UNI @ 6.300 USDT 10x leverageWe've reach a local top for the crypto market. Our momentum has consolidated and a reversal could be starting.
We're experiencing a move downward on the TOTAL, as well as a move up on the DXY. A sign of a potential reversal down for crypto.
If our local support at 6.2 breaks, this will be a profitable short. We will retest the 200-day EMA.
Our MA on our RSI has fallen underneath our RSI line, a bearish sign. We are also extremely overvalued for 1hr time chart.
Our MACD has also made a bearish crossover as momentum thins and the price has started to pull back.
💡Don't miss the great buy opportunity in UNIUSD @UniswapTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (6.25).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. UNIUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 60.
Take Profits:
TP1= @ 6.70
TP2= @ 7.05
TP3= @ 7.37
TP4= @ 7.53
TP5= @ 7.79
SL= Break below S2
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💡Don't miss the great buy opportunity in UNIUSD @UniswapTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (6.25).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. UNIUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 56.
Take Profits:
TP1= @ 6.70
TP2= @ 7.05
TP3= @ 7.37
TP4= @ 7.53
TP5= @ 7.79
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 / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
Uniswap strong momentumFirst of all, I need your support to continue my activity and provide analysis. Please support, otherwise my activity will stop.
I think UniSwap has strong potential in its volume and trading process. If you reach the red box, it is suitable for short position. Have a watch list.
UNISWAPHello Dear friends
Aren't decentralized exchanges more attractive?
All patterns formed in different time frames identify higher targets. Our support areas have been well maintained so far.
Provided that the orders in the area of $5.65 are not fully consumed, the possibility of continuing the upward trend to the area of $7.17 is high.
Keep in mind that this view has little validity until the bullish trend breaks above the $6.38 range.
We would be happy to hear your comments
#Uniswap Slumps 33% in 4 Days; UNI Can Retest $3.25Past Performance of Uniswap
Uniswap can't resist the crypto gravity. This week alone, the token is down over 30 percent and trading below Q3 2022 lows, a critical support line. Per this formation, sellers can search for entries, unloading on pullbacks, targeting $3.25 in the short term. At this pace, UNI is at risk of crashing toward 2022 lows and caving to register new all-time lows altogether.
#Uniswap Technical Analysis
UNI is down 33 percent when writing and at new Q4 2022 lows, dropping below September support. In a bear breakout formation, traders can unload on every attempt higher, retesting $5.23, targeting $3.25 reading from the development in the daily chart. The breach of the multi-week support line is with high participation levels, pointing to interest. At the same time, the bar is wide-ranging, indicating volatility. This preview will change if UNI recovers above $6.10 with equally high volumes.
What to Expect from #UNI?
Behind UNI's crash are fundamental factors. Alameda Research held a significant chunk of the token and could liquidate, fanning the slump. Therefore, there is a high probability of UNI tanking to June 2022 lows unless there is intervention.
Resistance level to watch out for: $5.3
Support level to watch out for: $3.25
Disclaimer: Opinions expressed are not investment advice. Do your research.
UNIUSDTHello Dear friends
On the daily chart, according to maintaining the price range of $5, it seems that the possibility of completing the head and shoulder pattern at the end of the downward trend is high.
If the rising trend is above the range of $7.25, we expect it to advance to the yellow range ($8.88).
We would be happy to hear your comments