Uniswap (UNIUSD) Price Is Targeting Previous High at $8.9

Updated:

Checkmark

Invest at least $250 in D2T to gain lifetime access to our VIP Signals

Checkmark

Get early access to Dash 2 Trade’s Presale. Buy the D2T token now

Checkmark

Existing community of 70,000+ traders

Checkmark

Unlocks access to the leading crypto trading analysis, signals and trading tools

Checkmark

As featured in CryptoNews.com, FXEmpire.com, FXStreet.com and more

Checkmark

World class development team backed by Quant developers and VC investors


The are in control of  Uniswap market

Uniswap Price Analysis – November 03

When the bulls’ momentum increased, the resistance level of $7.2 may be broken upside and this may increase the price to $7.9 and $8.9 resistance levels. In case the bears defend the resistance level of $7.2, Uniswap price may decline to $6.9, $5.7 and $5.1 price levels.

UNI/USD Market

Key Levels:

Resistance levels: $7.2, $7.9, $8.9

Support levels: $6.9, $5.7, $5.1

UNI/USD Long-term Trend: Bullish

Uniswap is bullish on the long-term outlook. The price of UNISWAP could not go down further when it reaches the support level of $5.1 on 21 September. A “W” bullish chart pattern formed the following day, which is an indication that bulls are ready to push up the price. The price increases and tested the resistance level of $6.9. It pulled back and retested the support level of $5.1 and formed double bottom chart pattern.

The fast moving average (9 periods EMA) has crossed the slow moving average (21 periods EMA) upside. The Crypto has penetrates the two EMAs upside trading above it is an indication of bullish momentum. When the bulls’ momentum increased, the resistance level of $7.2 may be broken upside and this may increase the price to $7.9 and $8.9 resistance levels. In case the bears defend the resistance level of $7.2, Uniswap price may decline to $6.9, $5.7 and $5.1 price levels. The Relative Strength Index is bending up at 65 levels indicating a buy signal.

UNI/USD Medium-term Trend: Bullish

On the 4-hour chart, Uniswap is bullish. The price action formed a double bottom chart pattern at the support level of $5.1. This is what triggered a bullish trend towards the resistance level of $7.2. The resistance level of $6.9 is already penetrated upside. It is currently testing the resistance level of $7.2. Further price increase envisaged provided $7.2 does not hold.

 

Uniswap is trading above the 9 periods EMA and 21 periods EMA, the relative strength index period 14 is at 59 levels bending up to indicate buy signal.

You can purchase Lucky Block here.  Buy LBLOCK

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • 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.