Uniswap (UNIUSD) Price: Weak Bears’ Momentum, Price Reversal Envisaged

Updated:

Checkmark

Service for copy trading.

Checkmark

High profitable signals.

Checkmark

24/7 cryptocurrency trading.

Checkmark

10 minute setup with significant benefits.

Checkmark

79% Success rate.

Checkmark

Up to 40 trades per month.

Checkmark

Monthly subscriptions begin at £58.


Uniswap Price Analysis – February 17

When the bulls’ pressure increase, price will increase to break up the resistance level of $13 and resistance level of $19 and $22 may be tested. In case the bears defend the resistance level of $13, the support level of $9 may be broken downside, below the level are $6 and $4 support levels.

UNI/USD Market

Key Levels:

Resistance levels: $13, $19, $22

Support levels: $9, $6, $4

UNI/USD Long-term Trend: Bearish

Uniswap is bearish on the long-term outlook. The crypto has formed a descending channel on the daily chart. The price is declining within the channel. It found support at $9 level. Price declination commenced at $22. The price tested the support level of $13, it bounced to test the $19 resistance level. The upper trend line holds and the pressure of the sellers is increasing. The price is currently consolidating at the support level of $9.

Uniswap is trading around the two EMAs which indicates that bulls’ and bears’ momentum is weak in the Uniswap market. Also the fast moving average (9 periods EMA) is trying to cross over the slow moving average (21 periods EMA) upside. When the bulls’ pressure increase, price will increase to break up the resistance level of $13 and resistance level of $19 and $22 may be tested. In case the bears defend the resistance level of $13, the support level of $9 may be broken downside, below the level are $6 and $4 support levels. The Relative Strength Index is bending down at 43 levels which indicate a sell signal.

UNI/USD Medium-term Trend: Ranging

Uniswap is on the ranging movement on the 4-hour chart. The support level of $9 was reached on 24 January. The bears’ and the bulls’ momentum became weak. It could not break down the support level of $9 due to weak bears’ pressure. The price started a ranging movement within the resistance level of $13 and the support level of $9.

Uniswap is trading around the 9 periods EMA and 21 periods EMA, the relative strength index period 14 is at 50 levels bending down to indicate sell signal.

You can purchase crypto coins here: Buy coins

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.