UNISWAP - UNI/USDT - 1H - Technical analysis published on 10/06/2022 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
6%
50%
44%
My opinion
Bullish above 6.67 USDT
My targets
7.39 USDT (+7.77%)
8.07 USDT (+17.59%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on UNISWAP PROTOCOL TOKEN - UNI/USDT as long as the price remains well above 6.67 USDT. The buyers' bullish objective is set at 7.39 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 8.07 USDT. If there is any crossing, the next objective would be the resistance located at 8.44 USDT. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
In the very short term, the general bullish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bullish direction is still favored, however the current short term bearish correction should be carefully watched.
Force
0
10
3.6
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This analysis was given by finacian. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The UNISWAP PROTOCOL TOKEN - UNI/USDT rating is 6.86 USDT. The price has increased by +0.88% since the last closing with the lowest point at 6.76 USDT and the highest point at 7.00 USDT. The deviation from the price is +1.48% for the low point and -2.00% for the high point.6.76
7.00
6.86
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of UNISWAP PROTOCOL TOKEN - UNI/USDT indicates that the overall trend is strongly bullish. The signals given by moving averages are 85.71% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Technical indicators are slightly bearish. There is therefore considerable uncertainty about the continuation of the decline.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6.48 | 6.67 | 6.85 | 6.86 | 8.44 | 9.28 | 11.87 |
| Change (%) | -5.54% | -2.77% | -0.15% | - | +23.03% | +35.28% | +73.03% |
| Change | -0.38 | -0.19 | -0.01 | - | +1.58 | +2.42 | +5.01 |
| Level | Intermediate | Major | Intermediate | - | Minor | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.22 | 6.35 | 6.57 | 6.70 | 6.92 | 7.05 | 7.27 |
| Camarilla | 6.70 | 6.74 | 6.77 | 6.80 | 6.83 | 6.86 | 6.90 |
| Woodie | 6.28 | 6.37 | 6.63 | 6.72 | 6.98 | 7.07 | 7.33 |
| Fibonacci | 6.35 | 6.48 | 6.56 | 6.70 | 6.83 | 6.91 | 7.05 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.56 | 5.05 | 5.73 | 6.22 | 6.90 | 7.39 | 8.07 |
| Camarilla | 6.08 | 6.19 | 6.29 | 6.40 | 6.51 | 6.62 | 6.72 |
| Woodie | 4.65 | 5.10 | 5.82 | 6.27 | 6.99 | 7.44 | 8.16 |
| Fibonacci | 5.05 | 5.50 | 5.78 | 6.22 | 6.67 | 6.95 | 7.39 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.62 | 4.39 | 5.42 | 6.19 | 7.22 | 7.99 | 9.02 |
| Camarilla | 5.97 | 6.13 | 6.30 | 6.46 | 6.63 | 6.79 | 6.96 |
| Woodie | 3.76 | 4.46 | 5.56 | 6.26 | 7.36 | 8.06 | 9.16 |
| Fibonacci | 4.39 | 5.07 | 5.50 | 6.19 | 6.87 | 7.30 | 7.99 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 51.47 | |
| MACD (12,26,9): | 0.0400 | |
| Directional Movement: | 0.26 | |
| AROON (14): | -85.72 | |
| DEMA (21): | 6.90 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.98 | |
| Elder Ray (13): | -0.02 | |
| Super Trend (3,10): | 6.75 | |
| Zig ZAG (10): | 6.84 | |
| VORTEX (21): | 1.0600 | |
| Stochastique (14,3,5): | 34.54 | |
| TEMA (21): | 6.90 | |
| Williams %R (14): | -65.15 | |
| Chande Momentum Oscillator (20): | -0.09 | |
| Repulse (5,40,3): | 0.0400 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1100 | |
| Courbe Coppock: | 0.19 |
| MA7: | 6.58 | |
| MA20: | 6.10 | |
| MA50: | 6.32 | |
| MA100: | 6.82 | |
| MAexp7: | 6.86 | |
| MAexp20: | 6.84 | |
| MAexp50: | 6.76 | |
| MAexp100: | 6.66 | |
| Price / MA7: | +4.26% | |
| Price / MA20: | +12.46% | |
| Price / MA50: | +8.54% | |
| Price / MA100: | +0.59% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | +0.29% | |
| Price / MAexp50: | +1.48% | |
| Price / MAexp100: | +3.00% |
Quotes :
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Real time data
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