Uniswap (UNI/USD) Market Is Holding a Tight Lower-Lows Cycle
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more
Uniswap Price Prediction – May 4
The Uniswap market is holding a tight lower-lows cycle against the valuation of the US Dollar, predominantly between the value lines of $5.50 and $5. Over a couple of hours into today’s session have been centered between the high and the low points of $5.4008523 and $5.3288795 at a minute percentage rate of 0.74 negatives. Indications show a degree of up swings will surface should the price tempts to dive low toward the support zone before the $4.50 in the long run.
UNI/USD Market
Key Levels:
Resistance levels: $6, $6.50, $7
Support levels: $4.50, $4, $3.50
UNI/USD – Daily Chart
The UNI/USD daily chart showcases the crypto-economic market is holding a tight lower-lows cycle beneath the positioning of the SMA trend lines. The 14-day SMA indicator maintains a southward curve at $5.6608001 underneath the $6.0011624. The Stochastic Oscillators have been lackadaisically swerving northbound across some points to arrive at 34.93 and 43.97 levels. Formation of the current candlesticks shows that a baseline has been in the making course.
Will short-position placers gain more bets below the $5.50 line on the UNI/USD market?
Shorting of position orders around the $5.50 will possibly generate lesser shifts in profits than being exposed to a higher risk of losses as the UNI/USD market operation is holding a tight lower-lows cycle. Tactically, buyers needed to act by any swinging attempts emanating from any possible drawback motion beneath the trend lines of the SMAs. Therefore, they should keep to that sentiment unless an unprecedented fearful decline occurs.
On the decreasing-moving route of the technical analysis, there is a need for short-position placers to halt coming back into this crypto economy until an overbought reading index comes to be. A lot of time may play out before that assumption plays out, causing sellers to not be in a hurry at any point in time.
UNI/BTC Price Analysis
Uniswap’s trending capability, compared with Bitcoin, is still holding in a tight lower-lows cycle at a higher note going by what the reading of the Stochastic Oscillators portends currently. Overly prominent negative candlesticks have surpassed the 14-day SMA indicator. And they are underneath the 50-day SMA indicator. The Stochastic Oscillators are briefly in a southbound-crossing mode at 42.53 and 39.89 levels. It shows the counter crypto will still have its pace prevailing until other rounds of the oversold reading condition return.
Note: Cryptosignals.org is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.
You can purchase Lucky Block here. Buy LBLOCK
