Uniswap Shows Bullish Pattern As Price Fails To Break $6.8; Are Bears In Cont...
UNI’s price shows the first sign of bounce after forming a bullish pattern as the price gets rejected into a range channel. UNI bounced off its downtrend movement as the price broke its resistance of $6.8 but failed to hold this region. The price of UNI continues in its range movement as the price gets rejected into a range and trades below the 50 Exponential Moving Average (EMA). Uniswap (UNI), a one-time favorite of many in the crypto industry, has failed to live up to the hype it once had as its price rallied from a low of $3 to $30. The crypto market, including the big players....
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Key Highlights. Dogecoin'a price struggling to gain traction, as there was no bullish momentum to take the price higher. There is a pennant looking pattern forming on the hourly chart (data feed from CEX. IO), which may act as a catalyst for the next move. The bullish signs are greater compared to the bearish signs at the moment, suggesting a break higher is most likely. Dogecoin's price is finding sellers near 31-32 satoshis, which is a major resistance zone and holds the key in the short term. Pennant Pattern and Resistance. There was no real break for Dogecoin's price, as it continued....
A Uniswap (UNI) recent market downturn has forced UNI’s trading range to shrink significantly. During the bull market in July, UNI jumped by more than 60 percent in just over two days, prompting the subsequent fall. After this price increase, the weeks that followed showed a reversal pattern known as a “head and shoulders,” which eventually led to a price decline. The price showed significant volatility over a 16-day period, as evidenced by the market’s historical statistics. This volatility pointed to a fierce battle between bulls and bears. Related Reading: Terra....
Uniswap (UNI) token holders have plenty of reasons to celebrate now. Uniswap is among the top gainers among cryptocurrencies, registering a 16.2% price increase over the past week The token is now on a falling channel pattern but is expected to make a bullish run Lowest possible support price for Uniswap is $4.8 The digital asset is one of the biggest gainers not only for the last 24 hours, but for the past seven days. As of this writing, tracking from CoinGecko shows the token is trading at $6.37, enjoying a 12.5% gain in value since same time yesterday and a 16.2% increase for the past....
Uniswap price has been able to break past the consolidation phase. Over the last 24 hours, the altcoin has moved up by more than 4%. In the past week, the coin surged close to 8%, which can be equated to a rally. UNI has been consistently green ever since the other altcoins started to travel north on their charts. The technical outlook of the coin also agreed with the bullish force. However, it is important for Uniswap to maintain this momentum and trade above its immediate price ceilings. If not, then the bulls could soon lose their strength. Buyers have been supportive of the bulls. As....
In classical technical analysis, an ascending triangle forms either as a continuation pattern midway through an uptrend or as a reversal pattern at the end of a downtrend. A break out of the triangle (i.e. a candlestick close above the upper channel) signifies a pattern completion, and infers a target of at least the height of the triangle in question. A quick look at the 15 minute price chart on the bitstamp feed reveals just such a pattern, and - therefore - offers up a bullish bias for the latter half of this week. We are currently trading just shy of 237, and approaching the apex of....