Uniswap (UNIUSD) Price May Retest Previous Low of $7 Support Level

Updated:

Uniswap Price Analysis – April 21

When the support level of $7.6 is broken downside, price level may decrease to $3 and $2 support levels. In case the bulls were able to defend the support level of $7, Uniswap may bounce up towards the resistance levels of $9, $12 and $13.

UNI/USD Market

Key Levels:

Resistance levels: $9, $12, $13

Support levels: $7 $3, $2

UNI/USD Long-term Trend: Bearish

On the long-term outlook Uniswap is bearish. Sellers refuse to let Uniswap go, more bearish candles are producing and the price is going down accordingly. Last week, the crypto is trying to produce a double bottom chart pattern. The buyers of Uniswap were set to push up the price. It started increasing towards the $12 resistance levels where it experienced a fake breakout. An evening star chart pattern emerged as a bearish movement symbol. The bears opposes the price increase and it is currently facing the support level of $7.

Daily 34

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. When the support level of $7.6 is broken downside, price level may decrease to $3 and $2 support levels. In case the bulls were able to defend the support level of $7, Uniswap may bounce up towards the resistance levels of $9, $12 and $13. The Relative Strength Index is bending down at 41 levels which indicate a sell signal.

UNI/USD Medium-term Trend: Ranging

On the 4-hour chart, Uniswap is ranging. The bears opposed the price increase which started two weeks ago. The bulls lose momentum at $12 price level and the bears took over the market. The crypto decreases and break down $9 level. It is currently consolidating at the just mentioned level.

4hours 37

Uniswap is trading around the 9 periods EMA and 21 periods EMA, the relative strength index period 14 is at 48 levels bending down to indicate sell 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
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • 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.

  • 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
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 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
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.