Techincal Analysis of Intraday Price Movement of Uniswap Cryptocurrency, Friday July 07, 2023.
July 7, 2023 5:24 am
On the 4-hour chart of the Uniswap Crypto currency, a Bearish 123 pattern appears which is followed by several Bearish Ross Hooks where this weakening is also confirmed by the CCI indicator which managed to break down all three levels and is now stuck at level 0 where this indicates a Bearish pattern is taking place at Uniswap so that based on these facts in the near future Uniswap will try to break below level 5,097 if this level is successfully broken then the next level it will aim for is level 4,941 but all of this will become invalid if on its way to these levels sudden movement occurs correction rally to the upside that passed and penetrated and closed above the 5,504 level.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
On the 4-hour chart of the Uniswap Crypto currency, a Bearish 123 pattern appears which is followed by several Bearish Ross Hooks where this weakening is also confirmed by the CCI indicator which managed to break down all three levels and is now stuck at level 0 where this indicates a Bearish pattern is taking place at Uniswap so that based on these facts in the near future Uniswap will try to break below level 5,097 if this level is successfully broken then the next level it will aim for is level 4,941 but all of this will become invalid if on its way to these levels sudden movement occurs correction rally to the upside that passed and penetrated and closed above the 5,504 level.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
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