Uniswap Price Analysis – October 14
In case there is a breakup at the $26 resistance level, price may increase to $30 and $37 resistance levels. When bulls could not break up the resistance level of $26, continuation of ranging market is possible or there will be bearish reversal towards the support levels at $21, $17 and $14.
UNI/USD Market
Key Levels:
Resistance levels: $26, $30, $37
Support levels: $21, $17, $14
UNI/USD Long-term Trend: Bullish
Uniswap is bullish on the long-term outlook. Last week, the coin trades within the range of $26 resistance level and $21 support level. The buyers and the sellers are at war. Until the price break out either to the south or to the north the ranging movement may continue. However, the pressure of the bulls is increasing and there is tendency for bullish breakout at $26 ressitance level.
Uniswap continue its trading above the 9 periods EMA and 21 periods EMA which indicate continuation of bullish movement. The fast moving average (9 periods EMA) is above the slow moving average (21 periods EMA). In case there is a breakup at the $26 resistance level, price may increase to $30 and $37 resistance levels. When bulls could not break up the resistance level of $26, continuation of ranging market is possible or there will be bearish reversal towards the support levels at $21, $17 and $14.
UNI/USD Medium-term Trend: Bullish
Uniswap is bullish on the 4-hour chart. The Crypto was consolidating around the $26 supply zone last week. The sellers initially prevailed and push the coin towards the low of $21. Buyers opposed the bearish movement with the formation of bullish engulfing candle before it reach the mark and the price increases towards the resistance level of $26.
Uniswap maintain its trading above the 9 periods EMA and 21 periods EMA after crossing the two. The relative strength index period 14 is above 50 levels bending up to indicate buy 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.
