Uniswap Price Analysis – May 19
Ability to break down $3.9 price level by the bears, Uniswap price may decrease to $2.7, and $2.1 price levels. In case the bulls were able to exert pressure to break up the resistance level of $7.6, the price may increase to the resistance level of $9.7 and $12.4 levels.
UNI/USD Market
Key Levels:
Resistance levels: $7.6, $9.7, $12.4
Support levels: $3.9 $2.7, $2.1
UNI/USD Long-term Trend: Bearish
On the long-term outlook, Uniswap is bearish. Last week, the coin was trading within the resistance level of $7.6 and $3.9 support level. That means there was no significant movement in the market. Meanwhile, bears still hold the Uniswap market. The support level of $3.9 hold the price, it can’t penetrate the support level of $3.9. The price is trying to break down the just mentioned level. The bulls’ pressure is trying to push the price above $7.6 resistance level but the level holds.
Uniswap is trading below the 9 periods EMA and 21 periods EMA which indicates that bearish momentum is in place. The fast moving average (9 periods EMA) is below the slow moving average (21 periods EMA). Ability to break down $3.9 price level by the bears, Uniswap price may decrease to $2.7, and $2.1 price levels. In case the bulls were able to exert pressure to break up the resistance level of $7.6, the price may increase to the resistance level of $9.7 and $12.4 levels. However, the Relative Strength Index is bending down at 33 levels which indicate a sell signal.
UNI/USD Medium-term Trend: Bearish
On the 4-hour chart, Uniswap is bearish. The support level of $3.9 was tested with the pressure from the bears. Bulls defend the just mentioned level with the formation of a pin bar and the bulls gain momentum, price increases. The bulls’ and the bears’ pressure failed and the price commence consolidation.
Uniswap is trading over and around the 9 periods EMA and 21 periods EMA, the relative strength index period 14 is at 41 levels bending down to indicate sell signal.
You can purchase Lucky Block here: Buy LBlock
- 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.