Annual Forecast for Uniswap (2022)
The coin may break down the support level of $14 provided the sellers increase their pressure and it will decrease it to last year January low at $6 level. In case the bears’ pressure could not break down the $14 support level, the price may increase to $30 level if $18 and $24 resistance level can be penetrated upside
UNI/USD Market
Key Levels:
Resistance levels: $18, $24, $30
Support levels: $14 $6, $1
UNI/USD Long-term Trend: Bearish
Uniswap is bearish on the weekly chart. The bullish force pushed the coin to the high of $43 resistance level last year. The just mentioned level holds the coin and the price could not increase further. The bears gather more momentum and more weekly bearish candles were produced which indicate an increase in the bears’ pressure. The price has tested the support level of $114 last year in Uniswap market.
Uniswap is trading below the 9 periods EMA and 21 periods EMA which indicates an increase in bearish momentum. The fast moving average (9 periods EMA) has crossed the slow moving average (21 periods EMA) downside. The coin may break down the support level of $14 provided the sellers increase their pressure and it will decrease it to last year January low at $6 level. In case the bears’ pressure could not break down the $14 support level, the price may increase to $30 level if $18 and $24 resistance level can be penetrated upside. However, the Relative Strength Index is at 40 levels parallel which indicate no specific direction.
UNI/USD Medium-term Trend: Bearish
On the 4-hour chart, Uniswap is bearish. The crypto formed “M” chart pattern in September last year. It is a bearish pattern, the price decline towards the support level of $14. The coin still remains under the control of the bears. The support level of $14 was tested in December, it pulled back to test the $18 resistance level. On January 09 the support level of $14 is retested. There is tendency for the price to bounce towards north.
Uniswap is trading slightly below the 9 periods EMA and 21 periods EMA, the relative strength index period 14 is at 40 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.