UNISWAP - UNI/USDT - Weekly - Technical analysis published on 10/20/2022 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
33%
28%
39%
My opinion
Bearish under 7.99 USDT
My targets
5.42 USDT (-15.79%)
3.65 USDT (-43.32%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 7.99 USDT remains possible. It is advisable to trade UNISWAP PROTOCOL TOKEN - UNI/USDT with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 7.99 USDT. The next bearish objective for sellers is set at 5.42 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 3.65 USDT. PS: if there is a bullish break in the resistance located at 7.99 USDT we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
3
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Additional analysis
Quotes
The UNISWAP PROTOCOL TOKEN - UNI/USDT rating is 6.44 USDT. The price is up +2.47% over 5 days and was traded between 5.98 USDT and 6.66 USDT over the period. The price is currently at +7.62% from its lowest point and -3.23% from its highest point.5.98
6.66
6.44
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this Weekly chart of UNISWAP PROTOCOL TOKEN - UNI/USDT indicates that the overall trend is bearish. 71.43% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Weekly
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:
Aroon indicator bearish trend
Type : Bearish
Timeframe : Weekly
Ichimoku - Bearish crossover : Tenkan & Kijun
Type : Bearish
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish harami
Type : Bullish
Timeframe : Weekly
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 3.65 | 6.44 | 9.28 | 14.48 | 31.34 |
| Change (%) | -43.32% | - | +44.10% | +124.84% | +386.65% |
| Change | -2.79 | - | +2.84 | +8.04 | +24.90 |
| Level | Major | - | Intermediate | Minor | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.02 | 6.21 | 6.39 | 6.58 | 6.76 | 6.95 | 7.13 |
| Camarilla | 6.48 | 6.51 | 6.55 | 6.58 | 6.61 | 6.65 | 6.68 |
| Woodie | 6.03 | 6.21 | 6.40 | 6.58 | 6.77 | 6.95 | 7.14 |
| Fibonacci | 6.21 | 6.35 | 6.44 | 6.58 | 6.72 | 6.81 | 6.95 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.10 | 4.75 | 5.40 | 6.05 | 6.70 | 7.35 | 8.00 |
| Camarilla | 5.68 | 5.80 | 5.92 | 6.04 | 6.16 | 6.28 | 6.40 |
| Woodie | 4.09 | 4.75 | 5.39 | 6.05 | 6.69 | 7.35 | 7.99 |
| Fibonacci | 4.75 | 5.25 | 5.56 | 6.05 | 6.55 | 6.86 | 7.35 |
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): | 45.17 | |
| MACD (12,26,9): | -0.9200 | |
| Directional Movement: | -5.24 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 5.35 | |
| Parabolic SAR (0,02-0,02-0,2): | 8.53 | |
| Elder Ray (13): | -0.11 | |
| Super Trend (3,10): | 9.92 | |
| Zig ZAG (10): | 6.49 | |
| VORTEX (21): | 1.0400 | |
| Stochastique (14,3,5): | 28.43 | |
| TEMA (21): | 6.35 | |
| Williams %R (14): | -71.24 | |
| Chande Momentum Oscillator (20): | -1.85 | |
| Repulse (5,40,3): | 2.9100 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -2.0000 | |
| Courbe Coppock: | 11.01 |
| MA7: | 6.34 | |
| MA20: | 6.43 | |
| MA50: | 6.23 | |
| MA100: | 6.94 | |
| MAexp7: | 6.34 | |
| MAexp20: | 6.85 | |
| MAexp50: | 9.59 | |
| MAexp100: | 14.10 | |
| Price / MA7: | +1.58% | |
| Price / MA20: | +0.16% | |
| Price / MA50: | +3.37% | |
| Price / MA100: | -7.20% | |
| Price / MAexp7: | +1.58% | |
| Price / MAexp20: | -5.99% | |
| Price / MAexp50: | -32.85% | |
| Price / MAexp100: | -54.33% |
Quotes :
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Real time data
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