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With the formation of Bullish 123 pattern followed by the appearance of Ross Hook (RH) on the daily chart, Uniswap cryptocurrency also confirmed by the price movement above its Moving Average as well as MACD indicator which has intersected with BUY even though on the negative area, then in a few days ahear Uniswap has the potential to appreciated upward to the level of 6,593 as the main target and level 7,143 as the second target. However, if on its way towards these levels suddenly Uniswap corrected downwards beyond the level of 5,385 then all scenarios of a bullish rally that have been previously described will become invalid and cancel by themselves.

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The material has been provided by InstaForex Company – www.instaforex.com

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