Скачать или смотреть UNI Technical Analysis: Falling Prices May Break $5.7 For 20% Drop | Cryptoknowmics

Hello and welcome back guys to our channel Cryptoknowmics!

Hi, I am Megha Chhikara, back with yet another analysis for you today!

Today, we’ll be reading about the token Uniswap, UNI prices fall by 11% to test the crucial support of $5.7 teasing a price drop of 20% to the $4.5 mark.

Today, the UNI prices are trying to gain traction at the critical support level of $5.72, as growing selling pressure suggests a bearish breakthrough. The RSI indicator, on the other hand, predicts a reversal with a lower price rejection since it shows a positive divergence.

So, should you consider taking gains before the bearish breakthrough, or will the buyers maintain their control around $5.72?

Well, to know this answer watch this entire video till the end to learn more about the upcoming trend in UNI , but before that don’t forget to hit the subscribe button!

So, let’s read The key points of this analysis and see where it takes us!

A bearish breakout of $5.7 will increase the prevailing correction phase momentum. The 24-hour trading volume in the Uniswap token is $121.3 Million, indicating a 2.78% loss.

Well the graph on my screen has a lot to say about UNI today too so, let’s see what it is!

https://www.tradingview.com/x/xMuv7vk7/

The downturn below the $5.7 support level will result in a 20% price drop to the crucial support level of $4.5. On the other end, a bullish reversal may prolong the consolidation range with an overhead resistance of $6.75.

EMAs: the crucial EMAs(20, 50, 100, and 200) displace the bearish crossover between the 50 and 100-day EMA and gains a bearish gap reflecting an increase in underlying bearishness.

MACD indicator: The fast and slow lines of the MACD indicator display a lateral trend after the recent merger, failing to give a bullish crossover.

RSI indicator: the RSI slope displays within the nearly oversold zone but displays a bullish divergence between the last two dips at the $5.72 support level. Hence, the technical indicators support the possibility of a bullish reversal with a lower price rejection from the support level.

And finally, with hope & some positive indications, we conclude our today's session and we’ll be back with yet another coin for you!

Till then stay tuned to Cryptoknowmics, Crypto world at your fingertips!