Uniswap (UNIUSD) Price; Resistance Level of $43 Holds, Price May Fall

Uniswap (UNIUSD) Price; Resistance Level of $43 Holds, Price May Fall

Uniswap Price Analysis – May 06

When the bulls gain more pressure to break up the resistance level of $43, the price will increase to the resistance level at $50 which may extend to $63 level. In case the bears increase pressure to break down the support level of $37, Uniswap price may decrease to $30 and $26 price level.

UNI/USD Market

Key Levels:

Resistance levels: $43, $50, $63

Support levels: $37, $30, $26, $21

UNI/USD Long-term Trend: Ranging

Uniswap is on the ranging mode on the long-term outlook. Buyers push up the Uniswap to test the resistance level of $43 at first on April 28. The resistance level of $43 holds the price. Since then, buyers’ pressure is weak and could not break up $43 price level. The bears’ momentum seems low and could not break down the support level of $37. The price is ranging within $43 and $37 price levels.

UNIUSD Daily chart, May 06

Uniswap is trading above the two EMAs at close range which indicates a decrease in the bulls’ momentum, also the fast moving average (9 periods EMA) remains above the slow moving average (21 periods EMA). When the bulls gain more pressure to break up the resistance level of $43, the price will increase to the resistance level at $50 which may extend to $63 level. In case the bears increase pressure to break down the support level of $37, Uniswap price may decrease to $30 and $26 price level. The Relative Strength Index is bending down at 60 levels which indicate a sell signal.

UNI/USD Medium-term Trend: Ranging

On the 4-hour chart, Uniswap is ranging. There is low volatility in the Uniswap market due to low bulls’ momentum and low bears’ pressure. The resistance level of $43 holds the price, also, the support level of $37 prevents further price decrease. The ranging movement may continue as long as the mentioned levels hold.

UNIUSD 4-hour chart, May 06

Uniswap is hovering over the 9 periods EMA and 21 periods EMA and the two EMAs are interlocked as an indication that ranging movement is ongoing.

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Uniswap (UNIUSD) Price Breaks Significant Resistance Level, $50 May Be Reached

Uniswap (UNIUSD) Price Breaks Significant Resistance Level, $50 May Be Reached

Uniswap Price Analysis – April 29

In case the resistance level of $44 holds, the price will retest the support level at $37 which may extend to $30 and $26 support level. When the bulls increase pressure to break up the resistance level of $44, Uniswap price may increase to $50 and $63 price level.

UNI/USD Market

Key Levels:

Resistance levels: $44, $50, $63

Support levels: $37, $30, $26, $21

UNI/USD Long-term Trend: Bullish

Uniswap is bullish on the long-term outlook. The bulls maintain the pressure and the price increases accordingly. The support level of $30 holds and the last week resistance level was broken upside by the bulls. The price tested the resistance level at $44 yesterday. The price is pulling back at the moment.

Uniswap Daily chart, April 29

The fast moving average (9 periods EMA) retains its position above the slow moving average (21 periods EMA). Uniswap is trading above the two EMAs at a distance which indicates increase in the bulls’ momentum. In case the resistance level of $44 holds, the price will retest the support level at $37 which may extend to $30 and $26 support level. When the bulls increase pressure to break up the resistance level of $44, Uniswap price may increase to $50 and $63 price level. The Relative Strength Index is bending down at 70 levels which indicate a sell signal.

UNI/USD Medium-term Trend: Bullish

On the 4-hour market, Uniswap is bullish. Uniswap plays the way it was predicted last week. The former resistance level of $37 has turned to support level due to an increase in the bulls’ pressure. There is a tendency for an increase in the price of Uniswap. At the moment, it is carrying out price retracement.

Uniswap 4-hour chart, April 29

Uniswap is trading above the 9 periods EMA and 21 periods EMA as a sign of bullish movement. However, the relative strength index period 14 is pointing down at 70 levels indicating a sell signal.

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Uniswap (UNIUSD) Price Is Struggling to Break Up $37 Resistance Level

Uniswap (UNIUSD) Price Is Struggling to Break Up $37 Resistance Level

Uniswap Price Analysis – April 22

When the bulls maintain or gain more pressure to break up the resistance level of $37, Uniswap price may increase to $44 and $50 price level. Inability to break up the resistance level of $37 by the bulls may push the coin towards the support level at $30 and $26, further decrease may test $24 price level.

UNI/USD Market

Key Levels:

Resistance levels: $37, $44, $50

Support levels: $30, $26, $21

UNI/USD Long-term Trend: Bullish

On the long-term outlook, Uniswap is bullish. The bulls hold unto the Uniswap market. The bears were trying to push down the price below the support level of $30 but the bulls are defending the mentioned level. The bearish breakout that took place on April 18 made the price to test the support level at $26 but the bearish momentum could not sustain the price at the level. The coin was pushed up to $37 resistance level by the bulls.

UNIUSD Daily chart, April 22

The 9 periods EMA remains above the 21 periods EMA and Uniswap is trading above the two EMAs at a distance which indicates bullish volatility market. When the bulls maintain or gain more pressure to break up the resistance level of $37, Uniswap price may increase to $44 and $50 price level. Inability to break up the resistance level of $37 by the bulls may push the coin towards the support level at $30 and $26, further decrease may test $24 price level. The Relative Strength Index is bending up at 70 levels which indicate a strong buy signal.

UNI/USD Medium-term Trend: Bullish

On the 4-hour market, Uniswap is bullish. Last week, the coin consolidates for short period of time at the support level of $30. The bulls gain more pressure and push up the price to the resistance level of $37. At the moment, the price is struggling to break up the just mentioned level.

UNIUSD 4-hour chart, April 22

Uniswap is trading above the 9 periods EMA and 21 periods EMA as a sign of bullish movement. However, the relative strength index period 14 is pointing up at 70 levels indicating a strong buy signal.

 

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Uniswap (UNIUSD) Price Rebounds at $34 Support Level, Heading Towards $39

Uniswap (UNIUSD) Price Rebounds at $34 Support Level, Heading Towards $39

Uniswap Price Analysis – April 15

Should the bulls maintain or gain more pressure to break up the resistance level of $39, Uniswap price may increase to $44 and $50 price level. Failure to break up the resistance level of $39 by the bulls may result to bearish movement towards the support level at $34 and $29, which may extend to $24.

UNI/USD Market
Key Levels:

Resistance levels: $39, $44, $50

Support levels: $34, $29, $24

UNI/USD Long-term Trend: Bullish

Uniswap is bullish on the long-term outlook. The coin refused to obey the double top chart pattern formed two weeks ago on daily chart. The bulls interrupts the bearish movement of the price before it reaches the support level of $24. On April 12, a strong and massive daily bullish candle emerged and the price increases towards the resistance level at $39.

Uniswap daily chart, April 15

The 9 periods EMA has crossed the 21 periods EMA upside and Uniswap is trading above the two EMAs at a distance which indicates bullish volatility market. Should the bulls maintain or gain more pressure to break up the resistance level of $39, Uniswap price may increase to $44 and $50 price level. Failure to break up the resistance level of $39 by the bulls may result to bearish movement towards the support level at $34 and $29, which may extend to $24. The Relative Strength Index is bending up at 70 levels which indicate a strong buy signal.

UNI/USD Medium-term Trend: Bullish

On the 4-hour market, Uniswap is bullish. Shortly after the pullback to retest the resistance level of $29, the price started consolidation at $29 price level for more than three days. On April 12, the bulls increased their pressure and the resistance level of $34 is broken upside. Price retracement was carried out. The price is heading towards $39 at the moment.

Uniswap 4-hour chart, April 15

Uniswap is trading above the two EMAs as a sign of bullish movement. However, the relative strength index period 14 is pointing down at 70 levels indicates a sell signal which may be a pullback.

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Uniswap (UNIUSD) Price; Bears’ Momentum Gradually Increasing, $24 Price level May be Reached

Uniswap (UNIUSD) Price; Bears’ Momentum Gradually Increasing, $24 Price level May be Reached

Uniswap Price Analysis – April 08

In case the bulls successfully gain more pressure and push the price below $29 support level, Uniswap price may reduce to $24 and $21 price level. Should the bulls gain more momentum and push up the price above the resistance level of $34, then, the resistance level of $39 and $44 may be tested.

UNI/USD Market
Key Levels:

Resistance levels: $34, $39, $44

Support levels: $29, $24, $21

UNI/USD Long-term Trend: Bearish

On the long-term outlook, Uniswap is bearish. The crypto formed a double top chart pattern last week on daily chart. The price is expected to be under the bears but there is an interruption from the bulls preventing downtrend movement, this is what made the price to experience ranging movement. Nevertheless, the sellers’ pressure outweigh the buyers’ pressure. The price reduction is envisaged in the Uniswap market.

UNIUSD daily chart, April 08

The 9 periods EMA is struggling to cross the21 periods EMA downside and Uniswap is trading below the two EMAs at close contact which indicate that low volatility market. In case the bulls successfully gain more pressure and push the price below $29 support level, Uniswap price may reduce to $24 and $21 price level. Should the bulls gain more momentum and push up the price above the resistance level of $34, then, the resistance level of $39 and $44 may be tested. The Relative Strength Index is bending up at 40 levels which indicate a sell signal which may be a pullback before bearish movement continue.

UNI/USD Medium-term Trend: Bearish

Uniswap is bearish in the 4-hour market. The price decreased to the support level at $24 last week. The price pulls back to retest the resistance level of $29. At the moment, the bears are preparing to take over the market. The price action on the 4-hoiur chart has form a “double top” chart pattern. This is a bearish signal; the price may descends and penetrate the $29 price level downside and the support level at $24 may be tested.

UNIUSD 4-hour chart, April 08

Uniswap is hovering over and around the two EMAs as a sign of ranging movement. However, the relative strength index period 14 is pointing down at 43 levels indicates a sell signal.

 

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Uniswap (UNIUSD) Price May Further Decrease to $24 Support Level

Uniswap (UNIUSD) Price May Further Decrease to $24 Support Level

Uniswap Price Analysis – April 01

In case the resistance level of $29 do not hold, the resistance level of $34 and $39 may be tested. If the resistance level of $29 hold, the price will continue its bearish trend towards the support level at $24, $21 and $17.

UNI/USD Market
Key Levels:

Resistance levels: $29, $34, $39

Support levels: $24, $21, $17

UNI/USD Long-term Trend: Bearish

On the long-term outlook Uniswap is bearish. Last week, the bulls are holding to the Uniswap market; and the price retest the resistance level at $34. This make it to be the second touch, the mentioned level hold the price and it decreases towards the support level of $24 after breaking down the $29 level. The bulls’ and the bears’ momentum become equilibria and Uniswap commences consolidation movement near $29 price level.

UNIUSD daily chart, April 01

Uniswap is trading below the 9 periods EMAs and the 21 periods EMA at close contact and the two EMAs are interlocked to each other, which indicate that price consolidation is in progress. In case the resistance level of $29 do not hold, the resistance level of $34 and $39 may be tested. If the resistance level of $29 hold, the price will continue its bearish trend towards the support level at $24, $21 and $17. The Relative Strength Index is bending up at 40 levels which connotes an increase in Uniswap price.

UNI/USD Medium-term Trend: Bullish

The coin is on the bearish movement in the medium-term outlook. The price action on the 4-hoiur chart has form a “double top” chart pattern. This is a bearish signal; the price descends and penetrate the $29 price level downside. Bearish trend is interrupted by the bulls but the barrier at $29 level holds. Uniswap is currently consolidating around $29 price level.

UNIUSD 4-hour chart, April 01

Uniswap is hovering over and around the two EMAs as a sign of ranging movement. However, the relative strength index period 14 is pointing up at 50 levels indicates a buy signal.

 

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Uniswap (UNIUSD) Price Is Ranging Within $34 and $29 Price Level

Uniswap (UNIUSD) Price Is Ranging Within $34 and $29 Price Level

Uniswapr Price Analysis – March 18

In case the support level of $29 do not hold, the support level of $24 and $21 may be tested. If the support level of $29 hold, the price will continue its bullish trend towards the resistance level at $34, $39 and $42.

UNI/USD Market
Key Levels:

Resistance levels: $34, $39, $42

Support levels: $29, $24, $21

UNI/USD Long-term Trend: Bullish

On the long-term outlook Uniswap is bullish. The bulls are holding to the Uniswap market; this is seen on the daily chart as the price action is making higher highs and lower highs. The bullish movement started at the beginning of this year. Last week, the price reaches the resistance level at $34. The mentioned level holds and the price is pulling back to retest the support level of $29. However, the bulls dominated market yesterday.

Uniswap Daily chart, March 18

The coin is trading above the 9 periods EMA and the 21 periods EMA at close range to the EMAs which indicate that the bulls’ pressure is reducing. In case the support level of $29 do not hold, the support level of $24 and $21 may be tested. If the support level of $29 hold, the price will continue its bullish trend towards the resistance level at $34, $39 and $42. The Relative Strength Index is bending down at 60 levels connotes a decrease in Uniswap price.

UNI/USD Medium-term Trend: Ranging

The coin is on the bullish movement. When the coin tested the resistance level at $34 on March 17, the price retraced and retested the level. The level holds and ranging towards the support level at $29.The price is currently ranging within the $34 and $29 levels.

Uniswap 4-hour chart, March 18

However, the relative strength index period 14 is pointing up at 50 levels indicates a buy signal.

 

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Uniswap (UNIUSD) Price: Resistance Level of $34 May Hold

Uniswap (UNIUSD) Price: Resistance Level of $34 May Hold

Uniswap Price Analysis – March 11

In case the bears were able to push down the price below the $29 price level, and the daily candle closes below the support level, then, the support level at $24 and $21 may be reached. Failure to break down the support level at $29, the price may continue its bullish trend towards the resistance level at $34, $39, and $42

UNI/USD Market
Key Levels:

Resistance levels: $34, $39, $42

Support levels: $29, $24, $21

UNI/USD Long-term Trend: Bullish

On the long-term outlook, Uniswap is bullish. The bullish momentum pushed up the price to the high of $34 on March 07. The resistance level holds the coin and this prevents the breakup of the mentioned resistance level. The bears are gaining more pressure and the price is declining at the moment towards the support level at $29.

UNIUSD Daily chart, March 11

The 9 periods EMA retain its position above the 21 periods EMA and the coin is trying to break down the two dynamic support levels which indicate that the bears are gradually dominating the market. In case the bears were able to push down the price below the $29 price level, and the daily candle closes below the support level, then, the support level at $24 and $21 may be reached. Failure to break down the support level at $29, the price may continue its bullish trend towards the resistance level at $34, $39, and $42. The Relative Strength Index is bending down at 60 levels connotes an increase in the bears’ pressure.

UNI/USD Medium-term Trend: Bearish

The coin is on the bearish movement. The bullish trend was restored two weeks ago when the price tested the support level of $19 on February 23. The bullish momentum placed the price at the resistance level of $34. The sellers defended the significant level of $34 and the price is pulling back towards the support level of $29 at the moment.

UNIUSD 4-hour chart, March 11

The 9 periods EMA has crossed the 21 periods EMA downside and the price is trading below the two EMA as an indication of the bearish trend.

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Uniswap (UNIUSD) Price Is Retesting $28 Resistance Level

Uniswap (UNIUSD) Price Is Retesting $28 Resistance Level

Uniswapr Price Analysis – March 04

In case the bulls were able to push up the price above $28 price level, and the daily candle close above the resistance level, then, the resistance level at $32 and $40 may be reached. Failure to break up the resistance level at $28, the bears may reverse the trend towards the support level at $25, $23 and $19.

UNI/USD Market
Key Levels:

Resistance levels: $28, $32, $40

Support levels: $25, $23, $19

UNI/USD Long-term Trend: Bullish

Uniswap is bullish on the long-term outlook. Last two weeks was bearish; this started when the bulls’ momentum increased and the coin found resistance at $28 price level. An evening doji candle formed at the mentioned level. The price falls to $21 support level where three days consolidation was carried out. On March 01, the bullish engulfing candle formed which connote an increase in the bulls’ pressure. The price increases and it is currently testing the previous high at $28.

UNIUSD daily chart, March 04

The 9 periods EMA remains above the 21 periods EMA and the coin is trading above the two EMAs which indicate that the bulls are dominating the market. In case the bulls were able to push up the price above $28 price level, and the daily candle close above the resistance level, then, the resistance level at $32 and $40 may be reached. Failure to break up the resistance level at $28, the bears may reverse the trend towards the support level at $25, $23 and $19. Moreover, the Relative Strength Index is bending up at 70 levels connotes an increase in Uniswap price.

UNI/USD Medium-term Trend: Bullish

The coin is on the bullish movement. Uniswap decline immediately after the bullish momentum placed the price at the resistance level of $32. The resistance level at $32 hold the price and this caused the falling of the price to support level at $21. The bearish power failed and the bullish trend restored. At the moment, the price is heading towards $32 price level provided $28 level does not hold.

UNIUSD 4-hour chart, March 04

However, the relative strength index period 14 is pointing up at 70 levels indicates a buy signal.

 

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Have you invested in an extremely rare opportunity of a lifetime?

Have you invested in an extremely rare opportunity of a lifetime?

The Next “Buzz Word” Altcoins
Last month, the Bloomberg Galaxy Crypto Index was at 1414.37, following a low of 217.82 in early March. BTC had made a new high yesterday at $51,630.86. Today (February 17) and the index was at 2,295.61. That’s a huge gain for one month.

Let me put this into perspective. In late 2017, I said that cryptoassets were the biggest institution revolution since the Industrial Revolution and that they represented the investment of a lifetime. Institutions, however, were not ready or capable of participating in that revolution so they “pooh-poohed” it. The SEC decided that most altcoins were securities which precipitated a huge bear market. By the end of 2018, cryptos had undergone an 85% decline and BTC hit a low price of $3,236.76 on Dec 15, 2018. But then look what happened.
BTC was up 92.71% in 2019
It was up 305.94% in 2020
And it’s up 75.42% in less than 50 days of 2021….

What did I say in 2018? There was actually a period from October through November last year when I made over $3 million in 7 weeks. Cryptos are the investment of a lifetime.

While BTC could go up another 10 fold in the long run, I doubt that it will go much over $100,000 this year…. But the opportunity of a lifetime is not over because now the altcoins are starting to move. Here are a few examples, and this is just the movement in 2021.

BNB 289%
ETH 144%
LINK 178%
SNX 215%
AAVE 397%
CND 145%

And remember those gains are just from the 48 days of 2021….

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Update on Cryptoassets
I think that there are a number of altcoins that could go up 10 times or more during the rest of 2021. Now we might have a decline of 40% or more during the year, but it probably will be short-lived with a very quick recovery…
BTC was up 92.7% in 2019, 305.94% in 2020, and in the first six weeks of 2021, it’s up 74.22%. Let’s contrast that with the other hedge against the USD and disaster, gold. Gold was up 20.94% in 2019, up 18.32% in 2020, and it’s down 5.1% so far in 2021. The path of safety is now BTC.

Gold has about 10 times more market cap than cryptos right now (even though cryptos are now over a trillion for the 1st time). If all of the money in gold went into BTC, BTC’s price would be about $370,000…

People talk about BTC being volatile and risky. But where can you find something that has made over 1,000% in 3 of the last 11 years, over 100% in 8 of them, and had only two losing years? There is only one other place than BTC with anywhere near equal performance – other cryptoassets.
If you had bought BTC at the beginning of 2012 (well, not at the very beginning), you would have turned $1,000 into more than $7.1 million (up $4.5M last month)…

Remember these are 30-day percent gains. This is probably the easiest market possible to make a lot of money. You could, however, just as easily enter a position and immediately have a 25% drawdown – which could cause you to exit and then miss out on some nice gains. If you don’t have strong beliefs about cryptos like I do, crypto volatility will test you…

This newsletter makes no recommendations about cryptos but is a free service… I personally own positions in most of the cryptos mentioned in this newsletter.

Author: Van K. Tharp, PhD

Note: This article was culled and abridged from a monthly cryptos update by Dr. Van Tharp. The full article can be accessed here.

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Author : Azeez Mustapha

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Azeez Mustapha is an experienced author, trader, markets analyst, signals strategist, and funds-manager.