UNISWAP - UNI/USDT - Daily - Technical analysis published on 12/19/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
67%
22%
My opinion
Bearish under 6.01 USDT
My targets
5.03 USDT (-5.45%)
4.42 USDT (-16.92%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on UNISWAP PROTOCOL TOKEN - UNI/USDT as long as the price remains well below 6.01 USDT. The sellers' bearish objective is set at 5.03 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 4.42 USDT. In case of crossing, the next objective would be the support located at 3.65 USDT. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
7.9
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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 5.32 USDT. The price is lower by -0.19% since the last closing with the lowest point at 5.24 USDT and the highest point at 5.43 USDT. The deviation from the price is +1.53% for the low point and -2.03% for the high point.5.24
5.43
5.32
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:
Technical
Technical analysis of UNISWAP PROTOCOL TOKEN - UNI/USDT in Daily shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
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 support of channel
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.65 | 4.42 | 5.03 | 5.32 | 6.01 | 6.88 | 7.69 |
| Change (%) | -31.39% | -16.92% | -5.45% | - | +12.97% | +29.32% | +44.55% |
| Change | -1.67 | -0.90 | -0.29 | - | +0.69 | +1.56 | +2.37 |
| Level | Minor | Minor | Major | - | Major | Minor | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.20 | 5.26 | 5.29 | 5.35 | 5.38 | 5.44 | 5.47 |
| Camarilla | 5.31 | 5.31 | 5.32 | 5.33 | 5.34 | 5.35 | 5.36 |
| Woodie | 5.20 | 5.25 | 5.29 | 5.34 | 5.38 | 5.43 | 5.47 |
| Fibonacci | 5.26 | 5.29 | 5.31 | 5.35 | 5.38 | 5.40 | 5.44 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.98 | 4.60 | 5.00 | 5.62 | 6.02 | 6.64 | 7.04 |
| Camarilla | 5.11 | 5.20 | 5.30 | 5.39 | 5.48 | 5.58 | 5.67 |
| Woodie | 3.86 | 4.55 | 4.88 | 5.57 | 5.90 | 6.59 | 6.92 |
| Fibonacci | 4.60 | 4.99 | 5.23 | 5.62 | 6.01 | 6.25 | 6.64 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.45 | 3.10 | 4.48 | 6.13 | 7.51 | 9.16 | 10.54 |
| Camarilla | 5.03 | 5.31 | 5.58 | 5.86 | 6.14 | 6.42 | 6.69 |
| Woodie | 1.32 | 3.03 | 4.35 | 6.06 | 7.38 | 9.09 | 10.41 |
| Fibonacci | 3.10 | 4.26 | 4.97 | 6.13 | 7.29 | 8.00 | 9.16 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 38.41 | |
| MACD (12,26,9): | -0.1300 | |
| Directional Movement: | -13.15 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 5.60 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.45 | |
| Elder Ray (13): | -0.35 | |
| Super Trend (3,10): | 6.19 | |
| Zig ZAG (10): | 5.32 | |
| VORTEX (21): | 1.0100 | |
| Stochastique (14,3,5): | 10.09 | |
| TEMA (21): | 5.54 | |
| Williams %R (14): | -91.52 | |
| Chande Momentum Oscillator (20): | -0.68 | |
| Repulse (5,40,3): | -5.4100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0900 | |
| Courbe Coppock: | 15.95 |
| MA7: | 5.59 | |
| MA20: | 5.91 | |
| MA50: | 5.99 | |
| MA100: | 6.13 | |
| MAexp7: | 5.53 | |
| MAexp20: | 5.75 | |
| MAexp50: | 5.93 | |
| MAexp100: | 6.14 | |
| Price / MA7: | -4.83% | |
| Price / MA20: | -9.98% | |
| Price / MA50: | -11.19% | |
| Price / MA100: | -13.21% | |
| Price / MAexp7: | -3.80% | |
| Price / MAexp20: | -7.48% | |
| Price / MAexp50: | -10.29% | |
| Price / MAexp100: | -13.36% |
Quotes :
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Real time data
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Cryptocompare
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