Lateral Movement Of Uniswap, When Is There A Chance Of Correction?
Uniswap has displayed tight trading conditions for over the last 24 hours. The coin has been consolidating and it recorded minor losses over the last day. Although Uniswap performed well over the past week securing more than 30% gain, recently, the bulls seem to be resting. Recently UNI broke past the $6.00 mark and it could be eyeing the $8.00 price ceiling now. Buying strength displayed slight decline but buyers were still more in number than sellers in the market. Bitcoin’s price action has helped many altcoins to rally but continued support from the buyers still remain crucial.....
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Bitcoin remains at the same price level from last week, reinforcing the $600 support area for the entire new cycle. Meanwhile, technical analysis indicates that bullish consensus is getting stronger, increasing the likelihood of a rally from $650 to $820. 5th Elliott Wave forecasting, based on Fibonacci numbers, could be calculated to the technical objective around the $820 area, where several theories point to the delayed next stage. From there, a technical correction should send prices back to $700, giving stragglers a second chance to recalculate their strategies to join. After another....
Bitcoin price volatility has increased, building building intermediate price levels as support references for the next rally. So, get ready for another ride to the moon, because the bulls are preparing for another stampede. After confirming a strong bullish consensus, prices are building intermediate levels as support references for when the next rise to $820 takes place. This further upward movement, if confirmed should increase volatility and create confusion, leading to a lot of profit taking action and false signals that could produce a lateral sideways market. Using last June’s....
Uniswap price displayed almost no movement over the last 24 hours as the coin registered 0.8% downward movement on its chart. UNI was hovering around the $7 price level and was unable to break past its closest price ceiling. If the coin does not manage to move past the resistance level then it could lose its support line. Technical outlook for Uniswap price indicated that could it register further drop on the chart. Move to the above resistance level will be difficult as buyers have exited the market. Increased selling pressure can push Uniswap price to the next support level. Bitcoin....
The bitcoin price’s new upward path is set to consolidate to even higher price levels beyond $600, according to technical indicators. Prices are quoting in a new scenario pointing to higher levels. Bullish consensus allows a sustained movement that can probably ignore every intermediate resistance from the current quotes up to $820, where the technical objective is calculated. There is not any pattern or well-known formation to mention, but only the forecasting of mixing theories and a lot of lateral thinking. Based on old references in the present chart, the the next stage may drive the....
The bitcoin price has finally recovered after a longer than expected lateral stage, returning to technical patterns forecasting a big rally to $820. After a longer than expected lateral sideways movement, traders have finally pushed the bitcoin market into a recovery, allowing the price to return to the technical quote level. There are no visible resistance levels that can stop this upward climb until we reach $820. Volume indicators reflect that big players have already taken positions to allow this rally to happen, so the rise to $800 and beyond should be smooth. This upward movement....