Uniswap (UNI/USD) Trade Is Reversing, Re-basing on $10
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Uniswap Price Prediction – April 4
It appears that the re-occurrence process in the price actions that involve Uniswap and the US Dollar will thrive by making rebounds from the area of the lower Bollinger Band, given that the crypto-economic trade is currently reversing, re-basing on $10.
Even as the price has turned around negatively toward averaging the point of $10 support, the value line remains the better pivotal line toward getting a re-buy decent entry. In today’s activities, a promising production mode has emerged. Additionally, it is anticipated to be a fruitful upward advance that leads to further ups in the future.
UNI/USD Market
Key Levels:
Resistance levels: $14, $15, $16
Support levels: $10, $9, $8
UNI/USD – Daily Chart
The UNI/USD daily chart reveals that the crypto market is reversing, re-basing on the support line of $10.
The Upper Bollinger Band trend line has traversed southerly against the resistance point of $14, creating smaller trade zones to the baseline of $10, making the Lower Bollinger Band the instrumental tool to back it. The stochastic oscillators have had their blue line traversed into the oversold region, denoting that pressure on the decreasing side is gradually losing strength.
If the UNI/USD market’s Bollinger Band were to hit lower, would it make sense for buyers to enter the market at that point?
A pull-up has emerged as the UNI/USD trade touches the lower Bollinger Band trend line to give rise to the expectation of getting to see more stable ups in the subsequent operations as the crypto-economic trade is reversing, re-basing its probable rebounding mode on the point of $10.
From a technical standpoint, if the market does allow for the observation of a long-holding state against the buy signal of the lower Bollinger Band indicator, long-position pushers are probably going to be aiming for better, decent entrances around the $10 value line.
As things stand, we do not recommend playing in tandem with any price action that breaks the lower Bollinger Band route, since it is thought to be a method of establishing a consolidation movement mode that will not hold up over time. On the basis of that, sellers might have to wait for a different circumstance that will show a different pattern, leading to a shorting of entry orders at a higher position.
UNI/BTC Price Analysis
In contrast, the Uniswap trade is reversing against the market weight of Bitcoin, based on the lower Bollinger Band trend line.
The potential to produce a baseline at a specific higher negotiating point is provided by the positioning stands of the Bollinger Bands at higher spots. In order to provide a signal for securing a strong rebounding move in the near future, the stochastic oscillators have been trying to detect that the blue part is moving down into the oversold region.
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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