Uniswap (UNI/USD) Price Maintains, Featuring Below $12
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UniswapPrice Prediction – March 17
There has been continual trading in a lower zone over time in the UNI/USD market operations as the crypto-economic price maintains, featuring below the $12 resistance line. The current percentage pace shows a positive of 2.44 to trade around $9 with a minute active force given a tight point between the high and low-value line as writing.
UNI/USD Market
Key Levels:
Resistance levels: $12, $14, $16
Support levels: $7, $5, $3
UNI/USD – Daily Chart
The UNI/USD daily chart reveals the crypto-economic market price maintains, featuring below $12 trading level. There has been a long space between the two trading indicators as the 50-day SMA is above the 14-day SMA. The Stochastic Oscillators have briefly swerved northbound into the overbought region, signifying that a northward swinging force is relatively ongoing.
Will the UNI/USD market push higher sustainably as the crypto0-economic price maintains, featuring below $12?
Despite the northward swinging force relatively ongoing, the UNI/USD market pushing higher sustainably appears dicey as the crypto-economic price maintains, featuring below $12. The market efforts to the upside seem, getting reduced gradually closely beneath the upper bearish trend line drawn. In a nutshell, placing of long orders may in the near time lose the momentum to run into profits.
On the downside of the technical analysis, the UNI/USD market short-position placers may begin to observe a powerful reversal signal against the current upward momentum-gathering motion. It indicated by the Stochastic Oscillators that the crypto economy relaxes soon in its low-active movement around a point below the $12 resistance level. A sudden spike at the value-line will potentially allow the active moment to detect decent sell entry while the presumed scenario enters a correction afterward.
UNI/BTC Price Analysis
In comparison, despite the positioning of the Stochastic Oscillators as they point toward the north, Uniswap as the base crypto yet trends under a bearish setting juxtaposed with Bitcoin. The duo cryptocurrency price maintains, featuring below the SMA trend lines. The 50-day SMA indicator is above the 14-day SMA indicator. The bearish channels embodied all the trading tools to solidify that the trending outlook between the two coins is bearish. The Stochastic Oscillators have swerved into the overbought region. The motions to the upside stand to lose the stance to a downward force in the near time.
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