Uniswap (UNI/USD) Market Trades at $6 Level
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Uniswap Price Prediction – September 8
The Uniswap market trades at the $60 line against the US Dollar. Several moves have been made to no avail past the value line further to the downside as the crypto-economic price maintains a minute negative percentage of 0.14 at the time of writing.
UNI/USD Market
Key Levels:
Resistance levels: $7, $8, $9
Support levels: $5, $4, $3
UNI/USD – Daily Chart
The UNI/USD daily chart showcases the crypto market trades at the $6 level around the horizontal line drawn to mark a psychological zone that upward swings may eventually feature. The 14-day SMA indicator is at $6.74, underneath the $7.06 resistance value indicated by the 50-day SMA indicator. The Stochastic Oscillators have crossed to reach 73.77 and 65.56 range points. That signifies some downward forces can still play out in no time.
What is the trending outlook look like in the UNI/USD market?
The trending outlook in the UNI/USD market appears dicey, but a downward force has a great stance to surface as the crypto market trades at the $6 level. As the Stochastic Oscillators still point toward the south side with the coupling of a bearish candlestick in the making, bulls would have to exercise patience until a new posture surfaces by the trading mechanism to indicate a return of an upward swing before considering launching a buying order afterward.
On the downside of the technical analysis, the UNI/USD market bears have to be cautious of their execution of new selling orders even though the market’s trend supports the higher possibility of getting a line of lower lows in the following active trading operations. A firm resistance has been around the values indicated by the SMAs. Therefore, short-position placers will have to be wary of a sudden breakout that can summarily decimate the chance of sellers taking charge of the market at that trading capacity.
UNI/BTC Price Analysis
Uniswap market’s trending capability against Bitcoin has been pushing higher in a ranging pattern. The cryptocurrency pair market trades around a high spot above the horizontal line drawn alongside the bigger SMA. The 14-day SMA indicator is at B0.00032459 above the B0.00030196 value line of the 50-day SMA indicator. The Stochastic Oscillators have crossed southbound from the overbought region to 76.58 and 67.36 range points. That suggests the base crypto still has contended with an overhead barrier around the smaller-SMA trend line point against its counter-trading crypto.
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