Uniswap (UNIUSD) Price Rebounds at $34 Support Level, Heading Towards $39
Login

Uniswap (UNIUSD) Price Rebounds at $34 Support Level, Heading Towards $39

Estimated Reading Time: 3 minutes
Article Rating:
Based on 1 vote
Login to rate this article.

Azeez Mustapha

Updated:
Uniswap Price Analysis – April 15

Should the bulls maintain or gain more pressure to break up the resistance level of $39, Uniswap price may increase to $44 and $50 price level. Failure to break up the resistance level of $39 by the bulls may result to bearish movement towards the support level at $34 and $29, which may extend to $24.

UNI/USD Market
Key Levels:

Resistance levels: $39, $44, $50

Support levels: $34, $29, $24

UNI/USD Long-term Trend: Bullish

Uniswap is bullish on the long-term outlook. The coin refused to obey the double top chart pattern formed two weeks ago on daily chart. The bulls interrupts the bearish movement of the price before it reaches the support level of $24. On April 12, a strong and massive daily bullish candle emerged and the price increases towards the resistance level at $39.

Uniswap daily chart, April 15

The 9 periods EMA has crossed the 21 periods EMA upside and Uniswap is trading above the two EMAs at a distance which indicates bullish volatility market. Should the bulls maintain or gain more pressure to break up the resistance level of $39, Uniswap price may increase to $44 and $50 price level. Failure to break up the resistance level of $39 by the bulls may result to bearish movement towards the support level at $34 and $29, which may extend to $24. The Relative Strength Index is bending up at 70 levels which indicate a strong buy signal.

UNI/USD Medium-term Trend: Bullish

On the 4-hour market, Uniswap is bullish. Shortly after the pullback to retest the resistance level of $29, the price started consolidation at $29 price level for more than three days. On April 12, the bulls increased their pressure and the resistance level of $34 is broken upside. Price retracement was carried out. The price is heading towards $39 at the moment.

Uniswap 4-hour chart, April 15

Uniswap is trading above the two EMAs as a sign of bullish movement. However, the relative strength index period 14 is pointing down at 70 levels indicates a sell signal which may be a pullback.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 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

Learn to Trade

Never Miss A Trade Again

step 1
Signal Notification

Real-time signal notifications whenever a signal is opened, closes or Updated

step 2
Get Alerts

Immediate alerts to your email and mobile phone.

step 3
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.

Share with other traders!

telegram
Telegram
forex
Forex
crypto
Crypto
algo
Algo
news
News