UNISWAP - UNI/USD - Daily - Technical analysis published on 08/06/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
89%
6%
6%
My opinion
Bullish above 22.43 USD
My targets
28.71 USD (+14.57%)
34.24 USD (+36.63%)
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/USD as long as the price remains well above 22.43 USD. The buyers' bullish objective is set at 28.71 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 34.24 USD. If there is any crossing, the next objective would be the resistance located at 37.83 USD.
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
6.3
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
UNISWAP PROTOCOL TOKEN - UNI/USD rating 25.06 USD. The price is lower by -1.49% since the last closing and was traded between 24.55 USD and 25.63 USD over the period. The price is currently at +2.08% from its lowest and -2.22% from its highest.24.55
25.63
25.06
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of this Daily chart of UNISWAP PROTOCOL TOKEN - UNI/USD indicates that the overall trend is bullish. The signals returned by the moving averages are 67.86% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Moving Average bullish crossovers : MA20 & MA50
Type : Bullish
Timeframe : Daily
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : Daily
In fact, 16 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : Daily
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 7.58 | 15.82 | 22.43 | 25.06 | 28.71 | 34.24 | 37.83 |
| Change (%) | -69.75% | -36.87% | -10.49% | - | +14.57% | +36.63% | +50.96% |
| Change | -17.48 | -9.24 | -2.63 | - | +3.65 | +9.18 | +12.77 |
| Level | Minor | Intermediate | Major | - | Minor | Intermediate | 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 | 19.83 | 21.01 | 23.22 | 24.40 | 26.61 | 27.79 | 30.00 |
| Camarilla | 24.51 | 24.82 | 25.13 | 25.44 | 25.75 | 26.06 | 26.37 |
| Woodie | 20.36 | 21.27 | 23.75 | 24.66 | 27.14 | 28.05 | 30.53 |
| Fibonacci | 21.01 | 22.30 | 23.10 | 24.40 | 25.69 | 26.49 | 27.79 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.01 | 15.64 | 18.69 | 20.32 | 23.37 | 25.00 | 28.05 |
| Camarilla | 20.45 | 20.88 | 21.31 | 21.74 | 22.17 | 22.60 | 23.03 |
| Woodie | 14.72 | 16.00 | 19.40 | 20.68 | 24.08 | 25.36 | 28.76 |
| Fibonacci | 15.64 | 17.43 | 18.53 | 20.32 | 22.11 | 23.21 | 25.00 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.62 | 10.33 | 16.03 | 19.74 | 25.44 | 29.15 | 34.85 |
| Camarilla | 19.15 | 20.02 | 20.88 | 21.74 | 22.60 | 23.47 | 24.33 |
| Woodie | 7.63 | 10.83 | 17.04 | 20.24 | 26.45 | 29.65 | 35.86 |
| Fibonacci | 10.33 | 13.92 | 16.14 | 19.74 | 23.33 | 25.55 | 29.15 |
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): | 69.69 | |
| MACD (12,26,9): | 1.4100 | |
| Directional Movement: | 18.22 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 22.42 | |
| Parabolic SAR (0,02-0,02-0,2): | 19.62 | |
| Elder Ray (13): | 3.24 | |
| Super Trend (3,10): | 19.70 | |
| Zig ZAG (10): | 25.04 | |
| VORTEX (21): | 1.2500 | |
| Stochastique (14,3,5): | 96.56 | |
| TEMA (21): | 24.17 | |
| Williams %R (14): | -6.70 | |
| Chande Momentum Oscillator (20): | 6.80 | |
| Repulse (5,40,3): | 13.3900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.4900 | |
| Courbe Coppock: | 69.24 |
| MA7: | 23.08 | |
| MA20: | 19.72 | |
| MA50: | 19.13 | |
| MA100: | 24.75 | |
| MAexp7: | 23.23 | |
| MAexp20: | 20.98 | |
| MAexp50: | 20.86 | |
| MAexp100: | 22.49 | |
| Price / MA7: | +8.58% | |
| Price / MA20: | +27.08% | |
| Price / MA50: | +31.00% | |
| Price / MA100: | +1.25% | |
| Price / MAexp7: | +7.88% | |
| Price / MAexp20: | +19.45% | |
| Price / MAexp50: | +20.13% | |
| Price / MAexp100: | +11.43% |
Quotes :
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Real time data
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