Uniswap (UNI/USD) Markets Are Pushing High Below a Depression
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Uniswap Price Prediction – May 18
The UNI/BTC markets operations have been pushing high below a depression setting over time. The crypto=economic trade lacks the positive tendency of keeping surges through resistance lines around $6 as the last several hours have produced high and low trading zones of $5.4266942 and $5.2987511, maintaining a minute negative pf 0.50. As a result of that sentiment, long=position takers needed to suspend actions. It’s still good for investors to keep their positions, running ahead of the upcoming bullish market trend.
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 markets are pushing high below a depression formation and have featured around the trend line of the bigger indicator. The 14-day SMA trend line is at $5.4539831, underneath the $5.8002622 value of the 50-day SMA. The Stochastic Oscillators are at 72.60 and 85.76 levels. That portends the capacity of buyers is vastly approaching exhaustion.
What is the UNI/USD market‘s trading gravitation weight to the upside over the buying signal sides of the SMAs?
The UNI/USD trade operations to the upside are likely not to play out sustainably above the buy signal side of the 50-day SMA trend line in the near time, as already been observed that crypto markets are pushing high below a depression. At this point, we expect traders wishing to go longing to put it on hold.
On the decreasing-moving direction of the technical analysis, it is likely to witness a bearish trading candlestick around the trend line of the 14-day SMA. The maximal barrier-trading line is at around $6. In the meantime, shorting of positions isn’t as well encouraging for bears to embark upon.
UNI/BTC Price Analysis
In contrast, the pushing rate in the market operations of Uniswap against Bitcoin still observes the mode of pushing high below a depression setting around the smaller SMA trend line. The 50-day SMA indicator is above the 14-day SMA indicator. The Stochastic Oscillators are in the overbought region, pointing northbound in a tentatively-moving manner to suggest the buying stance is on the verge of peaking shortly. Nonetheless, the base crypto may not lose back to revisit its previous low.
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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