Uniswap (UNI/USD) Market Is in Ranges, Keeping a Descending Shape
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 – June 16
The transaction activity of the Uniswap market is in range against the US currency, as it keeps a descending shape. In the last few days, running into a week, buyers have been swinging in a moody atmosphere of managing to regain some northward steps within the lines of $4 and $5 at a minute percentage rate of 0.16. Meanwhile, the force’s ability to direct purchases to soften the pedal just below the higher price level stated previously.
UNI/USD Market
Key Levels:
Resistance levels: $5, $5.50, $6
Support levels: $4, $3.50, $3
UNI/USD – Daily Chart
The UNI/USD daily chart reveals the crypto-economic market is in ranges, keeping a descending shape between the bargain zones depictured by the points of $4 and $5. The 14-day SMA trend line is at $4.7142984 below the $5.3404233 of the 50-day SMA trend line. The Stochastic Oscillators have strived to manage northbound from around the 20 to 59.93 to 68.40 levels, somewhat signaling a warning note that velocity weight is vastly approaching an end.
Should the UNI/USD market buyers ignore the potential for momentum to stall soon at the $5 resistance?
Investors who wish to join the UNI/USD market operation might not put into consideration if the cryptocurrency loses capacity soon around the $5 resistance line as the price is in ranges, keeping a descending shape. If a bearish candlestick closes alongside the current situation, forces will debase according to the trade’s rate. In the light of that assumption tending to play out, long-position placers may embark on placing buy limits around the lower horizontal line.
On the downward-shifting positions of the technical analysis, a closure technical thought has surfaced around the resistance line around the 14-day SMA trade line, suggesting that moves will soon occur in a reversal motion. The downward trend line drew, affirming that buyers react around the $5 resistance level. But if that resistance level breaches, the market might only go on to test resistance near the 50-day SMA’s value before succumbing to a decline.
UNI/BTC Price Analysis
In contrast, the Uniswap market has swung briefly against Bitcoin as the pairing cryptocurrency pair price keeps a descending shape. The 14-day SMA indicator is underneath the 50-day SMA indicator. And they are placed southwardly than any other directions to indicate that the trend in the court of bears is yet to be over. The Stochastic Oscillators are around 78.31 to 90.58 points. That denotes that the moments of decline are imminent. Uniswap (UNI/USD) Market Is in Ranges, Keeping a Descending Shape
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
