Uniswap (UNI/USD) Trade Swings from $15 Support
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Uniswap Price Prediction – July 22
The UNI/USD trade swings from the lower support level at $15 at a negative percentage rate of -2.07. The crypto’s valuation trades around the line of $16.
UNI/USD Market
Key Levels:
Resistance levels: $20, $25, $30
Support levels: $15, $10, $5
UNI/USD – Daily Chart
The UNI/USD daily chart now depicts that the crypto trade swings from the support of $15 as a smaller bullish candlestick emerged in the market during yesterday’s session. The trading candlestick as of writing isn’t that long to signal a free continuous rise in the crypto’s price pairing with the US dollar. The 14-day SMA trend-line is on the downside of the 50-day SMA trend-line as the bearish trend-line remains drawn down across them. The Stochastic Oscillators have crossed the lines northbound from the depth of the oversold region, suggesting that the motion to the north is on the setting.
Could there be a sustainable rise in the UNI/USD’s price as the crypto trade swings from the support of $15?
It appears that the much-awaited signal to the upside has set on a gradual moving motion as regards the UNI/USD market valuation. Currently, the crypto trade swings from the support level at $15 on a visible note. There is an indication that the trade will most likely be pushing on a slow and steady moving pace towards achieving higher values in smaller quantities. What appears to have technically been put in place now is the support level that the market has found at the point earlier mentioned.
Regarding the analysis of this crypto’s downside, it might be tough to find resistance against the current upswing that the crypto market embarks. Based on that assumption, it might be a good trading approach that traders considering shorting of the crypto market should hold on a while. The readings of the Stochastic Oscillators indicate the northbound direction against any other trend has nullified the thinking to see a reliable reversal motion of the market in the near time.
UNI/BTC Price Analysis
The trending capacity of Uniswap as compared with Bitcoin showcases that the trade swings upward from a notable lower line of operation. The 50-day SMA indicator is over the 14-day SMA indicator as the bearish trend-line drawn over them. The Stochastic Oscillators have crossed the lines in the oversold region, suggesting a return of upsides in the trading situation of the duo-cryptos. In other words, the base crypto is expected to regain its lost momentum as placed with the flagship counter trading instrument in the near session.
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