Uniswap (UNIUSD) Price Finds Support at $22, Targeting $31
Login

Uniswap (UNIUSD) Price Finds Support at $22, Targeting $31

Estimated Reading Time: 2 minutes

Azeez Mustapha

Updated:


Uniswap Price Analysis – September 16

The price may reach the resistance level at $31, if it holds not, the price may increase to $34 and $39 price level. Should the resistance level at $31 hold, price may bounce off the level and face the support levels at $44, $15, and $39.

UNI/USD Market

Key Levels:

Resistance levels: $31, $34, $39

Support levels: $22, $15, $12

UNI/USD Long-term Trend: Bullish

Uniswap is bullish on the long-term outlook. The bearish momentum that started on September 02 has been interrupted by the bulls on September 12 when it reaches the support level at $22. The coin consolidates for a week. A strong bullish daily candle emerges which propel the price above the dynamic resistance level. The price is heading towards the resistance level of $31.

UNIUSD Daily chart, September 16

Uniswap is trading above the 9 periods EMA and 21 periods EMA which is an indication of bullish momentum. The fast moving average (9 periods EMA) is crossing the slow moving average (21 periods EMA) upside as a sign of bullish trend. The price may reach the resistance level at $31, if it holds not, the price may increase to $34 and $39 price level. Should the resistance level at $31 hold, price may bounce off the level and face the support levels at $44, $15, and $39.

UNI/USD Medium-term Trend: Bearish

Uniswap is bullish on the 4-hour chart. The support level at $22 holds and the price bounces off after testing it three times. Bulls gained more momentum and pushes the coin towards north side, breaking up the dynamic resistance levels. The price is currently targeting the resistance level of $31.

Uniswap is trading above the 9 periods EMA and 21 periods EMA, the relative strength index period 14 is at 70 levels bending up to indicate buy signal.

You can purchase crypto coins here.  Buy Tokens

  • 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