Uniswap (UNIUSD) Price Retest $4.7 Level, Bullish Trend May Be Restored

Azeez Mustapha

Updated:

Unlock Daily Forex Signals

Select a Plan

£39

1 - month
Subscription

Select

£89

3 - month
Subscription

Select

£129

6 - month
Subscription

Select

£399

Lifetime
Subscription

Select

£50

Separate Swing Trading Group

Select

Or

Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored
Checkmark

Service for copy trading. Our Algo automatically opens and closes trades.

Checkmark

The L2T Algo provides highly profitable signals with minimal risk.

Checkmark

24/7 cryptocurrency trading. While you sleep, we trade.

Checkmark

10 minute setup with substantial advantages. The manual is provided with the purchase.

Checkmark

79% Success rate. Our outcomes will excite you.

Checkmark

Up to 70 trades per month. There are more than 5 pairs available.

Checkmark

Monthly subscriptions begin at £58.


Buyers’ momentum may increase further in Uniswap market

Uniswap Price Analysis – 28 June

The $5.1 and $5.7 resistance levels may be breached if there is enough buying pressure to move past the $4.9 resistance level. The price levels of $4.5 and $3.9 will be tested if sellers are able to push the price below the $4.7 support level.

UNI/USD Market

Key Levels:

Resistance levels: $4.9, $5.1, $5.7

Support levels: $4.7, $4.5, $3.9

UNI/USD Long-term Trend: Bullish

Uniswap is moving in a bullish direction in the Daily Chart. On April 19, a bearish trend commenced when the price reached $6.4. The support level of $3.9 was reached on 10 June. UNIUSD bounced up as the bulls defended the just-mentioned level. The resistance level of $4.5 has turned to the support level. The bullish momentum increased and the resistance level of $4.7 was penetrated and the price increased to $5.4 resistance level. It bounced off the level and pulled back to retest $4.7 level. Bulls are returning into the market for further price increases.

As evidence of bullish movement Uniswap is trading above the two EMAs. The $5.1 and $5.7 resistance levels may be breached if there is enough buying pressure to move past the $4.9 resistance level. The price levels of $4.5 and $3.9 will be tested if sellers are able to push the price below the $4.7 support level. A buy signal is immediately discernible as the period 14 relative strength index curve bends up at level 52.

UNI/USD Medium-term Trend: Bullish

 

Uniswap’s 4-hour chart indicates a bullish bias. The crypto tested the support level of $3.5 on 10 June. The bulls successfully defended the previous level and then rose. An increase in the bulls’ pressure broke through the $3.9 resistance level, and strong bullish candles emerged which made the price increase and broke up the $4.9 resistance level. A cryptocurrency reached $5.4 level and pulled back. The $4.7 support level was tested and is turning back as buyers dominate.

Buyers’ pressure is currently being applied to the price. Uniswap is currently trading above the exponential moving averages of 9 periods.

You can purchase Lucky Block here Buy LBLOCK

  • 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

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.

Leave a Reply

Your email address will not be published. Required fields are marked *