Uniswap (UNIUSD) Price: Can It Be a Pullback or Price Reversal at $9.72 Price Level?
Login

Uniswap (UNIUSD) Price: Can It Be a Pullback or Price Reversal at $9.72 Price Level?

Estimated Reading Time: 2 minutes
Article Rating:
Based on 1 vote
Login to rate this article.

Azeez Mustapha

Updated:


Uniswap Price Analysis – February 23

The price may continue a bearish trend if it is not interrupted by the bulls at $6.81 level. It will target and break down the just mentioned level and decline to $4.01 and $2.56. Should the bulls resist the price, bullish trend may commence towards the resistance levels at $9.72, $13.87 and $19.79

UNI/USD Market

Key Levels:

Resistance levels: $9.72, $13.87, $19.79

Support levels: $6.81, $4.01, $2.50

UNI/USD Long-term Trend: Bearish

Uniswap is bearish on the long-term outlook. The crypto played out the way it was predicted last week; the double top chart pattern formed and the price declined to test the support level of $9.72. The price pulled back to retest $13.87 price level. Yesterday, bears gain more pressure and the support level of $9.72 has turned to resistance level. It seems the price is targeting the support level of $6.81.

Uniswap is trading below the 9 periods EMA and 21 periods EMA which is an indication of bearish trend. The fast moving average (9 periods EMA) remains below the slow moving average (21 periods EMA). The price may continue a bearish trend if it is not interrupted by the bulls at $6.81 level. It will target and break down the just mentioned level and decline to $4.01 and $2.56. Should the bulls resist the price, bullish trend may commence towards the resistance levels at $9.72, $13.87 and $19.79.

UNI/USD Medium-term Trend: Bearish

Uniswap is bearish on the 4-hour chart. The bears eventually prevailed over the bulls. There was a ranging movement within $13.87 and $9.72 levels last week. Yesterday, the support level of $9.72 was broken downside and the price exposed to $6.8 support level.

Uniswap is trading above the 9 periods EMA but below 21 periods EMA as an indication of weak bearish pressure. The relative strength index period 14 is at 42 levels bending up to indicate buy signal.

You can purchase Lucky Block here.  Buy LBlock:

 

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • 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
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Learn to Trade

Never Miss A Trade Again

step 1
Signal Notification

Real-time signal notifications whenever a signal is opened, closes or Updated

step 2
Get Alerts

Immediate alerts to your email and mobile phone.

step 3
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.

Share with other traders!

telegram
Telegram
forex
Forex
crypto
Crypto
algo
Algo
news
News