On the 4-hour chart, the Uniswap Crypto currency can be seen that this Crypto currency is moving in the Bullish Channel and there has been a Golden Cross between MA 50 and MA 200 (red & blue) giving a strong indication that Buyers are still dominating this Crypto currency, let alone confirmed too by price movements that are still above the T-Line (EMA 8) but after successfully breaking above the Old High 5,832 accompanied by the appearance of hidden deviations between price movements and the Stochastic Oscillator indicator coupled with the presence of a Bearish Divergent Bar (orange box) then in the near future Uniswap has the potential to be corrected down to test the 5,801 level as the second target and the 5,642 level as the second target, but as long as the downward correction does not exceed the 5,590 level, Uniswap still has the potential to turn back and appreciate up and up again.
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Relevance up to 03:00 2023-01-14 UTC+1 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
