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Forex Analysis & Reviews: Technical Analysis of Intraday Price Movement of Uniswap Crypto Currency Friday, December 02 2022.
time 02.12.2022 06:28 AM
time Relevance up to, 03.12.2022 03:28 AM

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On the 4-hour chart, the Uniswap Crypto currency is clearly moving in a channel that is dip upwards, meaning that Buyers are taking control of this cryptocurrency, especially when it is accompanied by the emergence of the Bull 123 pattern and followed by a breakout above it. Ross Hook (RH) confirms that Uniswap is eyeing the 5,991 level as the main target to be tested and the 6,128-6,277 area level as the next target to be achieved in the near future but if on its way to these targets suddenly this crypto currency reverses down to break below the 5,318 level due to the detection of an emergence deviations between the current price movement and the CCI indicator and/or the CCI indicator drops again below the -100 level, so the bull movement scenario described earlier will cancel itself.

(Disclaimer)

Arief Makmur,
Analytical expert of InstaForex
© 2007-2023
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