Uniswap (UNI/USD) Market Tends Losing Momentum at $6
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Uniswap Price Prediction – March 30
An indication has cropped up to establish a slight reversal of an uprising in the UNI/USD trade as the crypto market tends to lose momentum around the $6 line after it sprung from a point near the $5 support point. The situation has recorded a minute negative percentage rate of 0.67, leaving the crypto business to bargain between $6.0674682 and $5.8272120. At this point, it would be necessary for buyers to hold off from settling fresh longing position orders.
UNI/USD Market
Key Levels:
Resistance levels: $6.50, $7, $7.50
Support levels: $5.50, $5, $4.50
UNI/USD – Daily Chart
The UNI/USD daily chart showcases the crypto-economic market tends to lose momentum around $6, as signified by the smaller SMA trend line. The 50-day SMA indicator is at $6.2455459 over the $6.0995523 value line of the 14-day SMA indicator. The Stochastic Oscillators have managed to cross northbound from the oversold region to 24.17 and 36.85 levels. A pause seems to materialize, giving a chance for a resettling of a support level.
Can the UNI/USD traders sustain a $5 solid baseline over the long term?
The UNI/USD price traders will likely use the $5 support level as a firm baseline over a long-term basis, even though the crypto market currently tends to lose momentum around the $6 line, which is not too far from it. The condition could escalate toward letting in some more lows to let in a better-reduced price point for bulls to have the advantage of. Long-position placers may be watching out for an actively-reversal move so they can ride on it right away.
Anal sizing the downside technical outlook for the UNI/USD trade, bears may ride on the current rejection sign emanating from around the $6 level. They should be wary of joining the move lately. When they both create a complementary pattern, which indicates the need to place a shorting order later, lower time frames like 4-hour and 1-hour charts could be employed to detect a shorting entry.
UNI/BTC Price Analysis
In contrast, Uniswap is yet to stop debasing at the lower-trading spot, pairing with Bitcoin close over the lower horizontal line. In other words, the crypto pair market tends to lose momentum, further below the trend lines of the SMAs. The 14-day SMA indicator is beneath the 50-day SMA indicator. The Stochastic Oscillators have traveled northbound from the oversold region, seemingly trying to bend down at 50.75 and 39.38 levels. That gives an insight that a decline may still prevail for a while.
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.
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