UNISWAP - UNI/USDT - Daily - Technical analysis published on 11/03/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
89%
6%
6%
My opinion
Bullish above 6.60 USDT
My targets
7.38 USDT (+3.36%)
7.94 USDT (+11.20%)
My analysis
UNISWAP PROTOCOL TOKEN - UNI/USDT is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 6.60 USDT. The next resistance located at 7.38 USDT is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 7.94 USDT. After this resistance, buyers could then target 8.44 USDT. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.7
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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 price is 7.14 USDT. The price registered an increase of +0.56% on the session and was between 7.06 USDT and 7.40 USDT. This implies that the price is at +1.13% from its lowest and at -3.51% from its highest.7.06
7.40
7.14
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this UNISWAP PROTOCOL TOKEN - UNI/USDT chart shows a strongly bullish trend. The signals given by the moving averages are 82.14% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 100
Type : Bullish
Timeframe : Daily
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish engulfing lines
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.67 | 6.02 | 6.60 | 7.14 | 7.38 | 7.94 | 8.44 |
| Change (%) | -34.59% | -15.69% | -7.56% | - | +3.36% | +11.20% | +18.21% |
| Change | -2.47 | -1.12 | -0.54 | - | +0.24 | +0.80 | +1.30 |
| Level | Minor | Intermediate | Intermediate | - | 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 | 6.35 | 6.60 | 6.85 | 7.10 | 7.35 | 7.60 | 7.85 |
| Camarilla | 6.96 | 7.01 | 7.05 | 7.10 | 7.15 | 7.19 | 7.24 |
| Woodie | 6.35 | 6.60 | 6.85 | 7.10 | 7.35 | 7.60 | 7.85 |
| Fibonacci | 6.60 | 6.79 | 6.91 | 7.10 | 7.29 | 7.41 | 7.60 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.07 | 5.52 | 6.31 | 6.76 | 7.55 | 8.00 | 8.79 |
| Camarilla | 6.75 | 6.86 | 6.98 | 7.09 | 7.20 | 7.32 | 7.43 |
| Woodie | 5.23 | 5.61 | 6.47 | 6.85 | 7.71 | 8.09 | 8.95 |
| Fibonacci | 5.52 | 6.00 | 6.29 | 6.76 | 7.24 | 7.53 | 8.00 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.85 | 4.63 | 5.79 | 6.57 | 7.73 | 8.51 | 9.67 |
| Camarilla | 6.42 | 6.59 | 6.77 | 6.95 | 7.13 | 7.31 | 7.48 |
| Woodie | 4.04 | 4.73 | 5.98 | 6.67 | 7.92 | 8.61 | 9.86 |
| Fibonacci | 4.63 | 5.37 | 5.83 | 6.57 | 7.31 | 7.77 | 8.51 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 63.18 | |
| MACD (12,26,9): | 0.2100 | |
| Directional Movement: | 12.29 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 6.95 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.63 | |
| Elder Ray (13): | 0.40 | |
| Super Trend (3,10): | 5.91 | |
| Zig ZAG (10): | 7.14 | |
| VORTEX (21): | 1.1900 | |
| Stochastique (14,3,5): | 79.61 | |
| TEMA (21): | 7.12 | |
| Williams %R (14): | -19.07 | |
| Chande Momentum Oscillator (20): | 1.05 | |
| Repulse (5,40,3): | -1.0000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.3200 | |
| Courbe Coppock: | 24.23 |
| MA7: | 7.02 | |
| MA20: | 6.58 | |
| MA50: | 6.32 | |
| MA100: | 6.90 | |
| MAexp7: | 6.99 | |
| MAexp20: | 6.71 | |
| MAexp50: | 6.55 | |
| MAexp100: | 6.62 | |
| Price / MA7: | +1.71% | |
| Price / MA20: | +8.51% | |
| Price / MA50: | +12.97% | |
| Price / MA100: | +3.48% | |
| Price / MAexp7: | +2.15% | |
| Price / MAexp20: | +6.41% | |
| Price / MAexp50: | +9.01% | |
| Price / MAexp100: | +7.85% |
Quotes :
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Real time data
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