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From what is seen on the 4-hour chart of the Uniswap cryptocurrency, although currently still under pressure, is indicated by its price movement moving below the EMA (21) which has a slope that dives downwards, but with the appearance of Divergence between the Uniswap price movement and the Stochastic Oscillator indicator and the appearance of the Bullish 123 pattern, there is a potential for a turning point to strengthen upwards where the level of 6.232 will be tested by this cryptocurrency. If this level is successfully broken and closes above that level, then Uniswap will continue to strengthen up to the level of 6.430 and if the volatility and momentum of its strengthening support it, then 6.684 and 7.416 will be the next targets, but all of these strengthening setups will be canceled by themselves and become invalid if on their way to the previously described target levels they suddenly turn back to weaken and break through and close below the level of 5.500.
(Disclaimer)
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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