Uniswap (UNI/USD) Market Turns to a Correction
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Uniswap Price Prediction – June 30
There has been a notable depression in the UNI/USD price as the crypto market turns to a correction. The correction motion shows the trade valuation is trading around $5 at an average of 2.66 percent negative.
UNI/USD Market
Key Levels:
Resistance levels: $6, $7, $8
Support levels: $4, $3, $2
UNI/USD – Daily Chart
The UNI/USD daily chart reveals the crypto-economic market turns to a correction, having unable to breach northward past the key resistance level at $6. The 14-day SMA trend line is between the resistant-trading point, and the support level of $4 is the pivotal point to subsequent falling forces of the correction moving mode. The Stochastic Oscillators have crossed southbound from the overbought region. Yet, they are pointing to the downside at around 63 ranges.
Will the UNI/USD market hold intensely in turning to a correctional motion?
It’s more likely for the UNI/USD trade valuation to move down than surge higher as the situation has it that the crypto market turns to a correction. In the mind of following that sentimental trend, it would be technically ideal for long-position players to exercise patience until the gravity backing the move currently to the downside tends to get a reversal sign before considering joining the market.
On the downside of the technical analysis, the UNI/USD market sellers are to have formerly launched a sell order at the time that price encountered firm resistance around the $6. The position opened may still be allowed to run into more profits with the techniques of trailing stop loss. A smaller bearish candlestick is in the making around the 14-day SMA trend line, indicating a selling pressure is ongoing. And the $4 support level is in focus to reach in the long-term run.
UNI/BTC Price Analysis
Uniswap, on the price analysis chart, shows it has been facing rejections at a higher trading point against Bitcoin over the trend lines of the SMAs as the cryptocurrency pair turns to a correction. The 14-day SMA trend line has moved northward from underneath to conjoin with the 50-day SMA trend line below the current trading spot of the pairing cryptos. The Stochastic Oscillators have curved southbound from the overbought region to reach the 40 range. The trading outlook of the UNI/BTC yet portends the base crypto is still in the course of a downward trend pairing with the countering crypto.
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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