![Analyzing if Uniswap [UNI] bulls can induce a rally before this pullback](https://i.headtopics.com/images/2022/11/12/cryptoamb/analyzing-if-uniswap-uni-bulls-can-induce-a-rally--analyzing-if-uniswap-uni-bulls-can-induce-a-rally--1591499823475064832.webp)
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. UNI found rebounding grounds as it strived to prevent an extended bearish pennant breakout loss. The crypto’s Open Interest revealed mixed signals over the past day. Uniswap’s [UNI] latest reversal entailed a bearish pull below […]
The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice.The crypto’s Open Interest revealed mixed signals over the past day.
In consequence, the decline chalked out a classic bearish pennant in the four-hour timeframe. The resulting breakdown marked an over 10% retracement while the bulls strived to reject lower prices near its relatively high liquidity zone in the $5.2-$5.5 range. Any close above the $6.15-mark can aid the buyers to extend their rally toward the 50/200 EMA. But a reversal from the trendline resistance could continue fueling UNI’s bearish inclinations in the coming times.
المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين
Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.
Uniswap is ready for the spotlight; the reason is quite unsurprisingThe cryptocurrency market crash this week was quite severe on market participants. However, despite this, Uniswap (UNI) saw an opportunity to highlight why decentralized exchanges might be the better option. Read UNI’s price prediction for 2023-2024 In a recent Twitter post, Uniswap noted that decentralized exchanges (DEXs) do not have central points of failure, and […]
اقرأ أكثر »
ETH could head in this direction unless the bulls decide to walk this roadDisclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Ethereum witnessed a bullish invalidation after reversing from its immediate resistance The altcoin registered improvements in its funding rates over the last day Ethereum [ETH] lost a third of its value in its reversal on […]
اقرأ أكثر »
As Litecoin finds support at $50 and rallies, this is where bulls can look for profitsDisclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Litecoin fell beneath $64 and could retest it as resistance The $50 area has been held as support for now, but violent moves meant traders must remain cautious A significant level of fear gripped the […]
اقرأ أكثر »
Axie Infinity: If bulls gain traction, 0.236 Fib level will likely be the target for…Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Selling pressure is tapering off and could offer entry positions for long trades Axie Infinity has witnessed a substantial decline in network growth and social activity. Axie Infinity (AXS) has been in a bearish […]
اقرأ أكثر »