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[Uniswap]
Although the RSI(14) is in the Neutral-Bullish level, but with the appearance of a Bearish Divergence and the two EMAs still forming a Death Cross, it indicates a significant likelihood for Uniswap to weaken.
Key Levels
1. Resistance. 2 : 5.938
2. Resistance. 1 : 5.754
3. Pivot : 5.521
4. Support. 1 : 5.337
5. Support. 2 : 5.104
Tactical Scenario:
Pressure Zone: If the price breaks down below 5.337, Uniswap may head toward 5.104.
Momentum Extension Bias: If 5.104 is broken, there is potential for this cryptocurrency to test the level at 4.920.
Invalidation Level / Bias Revision:
The downside bias is restrained if the price of Uniswap strengthens and breaks above 5.938.
Technical Summary:
EMA(50) : 5.475
EMA(200): 5.545
RSI(14) : 52.67 + Bearish Divergent
Economic News Release Agenda:
Tonight, there are no economic data releases from the U.S. session.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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