Uniswap Price Analysis – January 06
Ability to break down the dynamic support level may decrease it to previous low at $14, below the level are $12 and $6 support levels. In case the bulls were able to exert pressure to oppose the bears, the price may increase to the resistance level at $18, $22 and $24 levels.
UNI/USD Market
Key Levels:
Resistance levels: $18, $22, $24
Support levels: $14 $12, $6
UNI/USD Long-term Trend: Bearish
Uniswap is bearish on the long-term outlook. The bearish force has pushed the coin to the low of $14 support level. The just mentioned level holds the coin and the price could not decrease further. The bulls gather more momentum and more daily bullish candles were produced which indicate an increase in the bulls pressure. The price has tested the resistance level of $18 and it is pulling back at the moment.
Uniswap is trading slightly below the 9 periods EMA and 21 periods EMA which indicates an increase in bearish momentum. The fast moving average (9 periods EMA) is trying to cross the slow moving average (21 periods EMA) downside. Ability to break down the dynamic support level may decrease it to previous low at $14, below the level are $12 and $6 support levels. In case the bulls were able to exert pressure to oppose the bears, the price may increase to the resistance level at $18, $22 and $24 levels. However, the Relative Strength Index is bending down at 45 levels which indicate a sell signal.
UNI/USD Medium-term Trend: Bearish
On the 4-hour chart, Uniswap is bearish. The crypto bounces at the support level of $14 on December 20. The price steadily increased towards the resistance level of $18 and consolidates for few days. At the moment, the bears is prevailing over the bulls at the just mentioned level and it is gradually reversing towards the support level of $14.
Uniswap is trading below the 9 periods EMA and 21 periods EMA, the relative strength index period 14 is at 40 levels bending down to indicate sell 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.