Uniswap (UNIUSD) Price Exposes to $5.7 Resistance Level

Azeez Mustapha

Updated:

Unlock Daily Forex Signals

Select a Plan

£39

1 - month
Subscription

Select

£89

3 - month
Subscription

Select

£129

6 - month
Subscription

Select

£399

Lifetime
Subscription

Select

£50

Separate Swing Trading Group

Select

Or

Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored
Checkmark

Service for copy trading. Our Algo automatically opens and closes trades.

Checkmark

The L2T Algo provides highly profitable signals with minimal risk.

Checkmark

24/7 cryptocurrency trading. While you sleep, we trade.

Checkmark

10 minute setup with substantial advantages. The manual is provided with the purchase.

Checkmark

79% Success rate. Our outcomes will excite you.

Checkmark

Up to 70 trades per month. There are more than 5 pairs available.

Checkmark

Monthly subscriptions begin at £58.


Bulls’ momentum increases in Uniswap market

Uniswap Price Analysis – 16 November

Uniswap price at $5.1 and $4.7 will be tested if sellers are successful in pushing the price below the $5.4 support level. At level 67, the period 14 relative strength indicator creates an upward arch, suggesting a buy.

UNI/USD Market

Key Levels:

Resistance levels: $5.7, $6.1, $6.4

Support levels: $5.4, $5.1, $4.7

UNI/USD Long-term Trend: Bullish

The daily chart of Uniswap displays a growing trend. Buyers are currently preventing the market from dropping below the $5.1 threshold. Last month, there was bearish pressure on the cryptocurrency. The price found support at $4.0. The bearish frenzy faded when the $4.0 low was tested. On November 1st, a sizable bullish daily candle appeared, and the price began to rise. Before the slide, the $4.7, and $5.1 former resistance level was destroyed. Right now, the price is moving swiftly above the $5.4 resistance level.

When Uniswap trades above both EMAs, it indicates a good trend. $6.1 and $6.4 resistance levels might be destroyed if there is enough buying pressure to break past the $5.7 resistance level. The price levels at $5.1 and $4.7 will be tested if sellers are successful in pushing the price below the $5.4 support level. At level 67, the period 14 relative strength indicator creates an upward arch, suggesting a buy.

UNI/USD Medium-term Trend: Bullish

There is an increasing trend on the 4-hour Uniswap chart. Uniswap began to rise once the sellers held onto the $4.5 barrier level. The high of $5.1 was tested on October 17, following its successful completion of multiple tasks, including those with price points of $4.7 and $5.1. This resulted from increased buyer pressure. The aforementioned level was breached and Uniswap was exposed to the $5.7 level after gathering momentum.

At the moment, purchasers are the ones driving price pressure. A purchase signal is shown by the relative strength index period 14 positive trend at level 61.

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

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.

Leave a Reply

Your email address will not be published. Required fields are marked *