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UNISWAP
With both EMAs condition forming a Golden Cross intersection, this confirms the buyer dominance, so in the near term Uniswap is likely to test its nearest resistance level.
Key Levels
1. Resistance. 2 : 3.555
2. Resistance. 1 : 3.478
3. Pivot : 3.426
4. Support. 1 : 3.349
5. Support. 2 : 3.297
Tactical Scenario
Positive Reaction Zone: If the price breaks out above 3.426, Uniswap will likely move up toward 3.478.
Momentum Extension Bias: If 3.478 is broken to the upside, there is potential for Uniswap to continue its strengthening to 3.555.
Invalidation Level / Bias Revision
The upside bias weakens if Uniswap breaks down below 3.297.
Technical Summary
EMA(50) : 3.427
EMA(200): 3.383
RSI(14) : 48.28
Economic News Release Agenda:
From the United States the following economic data will be released:
US - Average Hourly Earnings m/m - 19:30 WIB
US - Non-Farm Employment Change - 19:30 WIB
US - Unemployment Rate - 19:30 WIB
US - Prelim UoM Consumer Sentiment - 21:00 WIB
US - Prelim UoM Inflation Expectations - 21:00 WIB
US - Final Wholesale Inventories m/m - 21:00 WIB
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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