If we look at the 4 hour charts Uniswap Cryptocurrency It seems that the sellers are still dominating, which is confirmed by the price movement which is moving below its 50 period Moving Average but after its failure to break below the 4,821 level gives an indication that in the near future there will be a minor correction, a rally upwards which is confirmed by the appearance of deviations between price movements with the Stochastic Oscillator indicator where Uniswap tries to break above the 5.193-5.253 level. If this level area is successfully penetrated, then Uniswap has the potential to continue the correction rally above it up to the 5.380 level as long as it is on its way to these targets it does not reverse towards its original bias and break below the 4,821 level because if this happens then all the scenarios previously described will become invalid and cancel by themselves.
Relevance up to 03:00 2022-12-31 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.
