Uniswap Price Analysis – July 08
Ability to break up the resistance level at $21 price level may increase it to $27 and $34 resistance levels. In case the bears were able to exert pressure to break down the support level of $15, the price may decrease to the support level at $12 and $9 levels.
UNI/USD Market
Key Levels:
Resistance levels: $21, $27, $34
Support levels: $15 $12, $9
UNI/USD Long-term Trend: Bearish
Uniswap is bearish on the long-term outlook. The bearish force has pushed the coin to the low of $15 support level. The just mentioned level holds the coin and the price could not decrease further. The bulls gather more momentum and more daily bullish candles were produced which indicate an increase in the bulls pressure. The price has tested the resistance level of $21 and it is trying to pullback.
Uniswap is trading slightly above the 9 periods EMA and 21 periods EMA which indicates an increase in bullish momentum. The fast moving average (9 periods EMA) is trying to cross the slow moving average (21 periods EMA) upside. Ability to break up the resistance level at $21 price level may increase it to $27 and $34 resistance levels. In case the bears were able to exert pressure to break down the support level of $15, the price may decrease to the support level at $12 and $9 levels. However, the Relative Strength Index is bending down at 50 levels which indicate a sell signal and it may be a pullback.
UNI/USD Medium-term Trend: Bearish
On the 4-hour chart, Uniswap is bearish. The crypto bounces at the support level of $15 on June 27. The price steadily increases towards the resistance level of $21. At the moment, the bears is opposing the bulls at the just mentioned level and it is gradually reversing which may be a pullback.
Uniswap is trading below the 9 periods EMA and 21 periods EMA, the relative strength index period 14 is at 40 levels bending down to indicate sell signal.
You can purchase crypto coins here. Buy Tokens
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
Learn to Trade
Never Miss A Trade Again
Signal Notification
Real-time signal notifications whenever a signal is opened, closes or Updated
Get Alerts
Immediate alerts to your email and mobile phone.
Entry Price Levels
Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.