UNISWAP - UNI/USD - 1H - Technical analysis published on 11/10/2021 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
17%
11%
My opinion
Bullish above 27.78 USD
My targets
29.00 USD (+2.46%)
31.36 USD (+10.81%)
My analysis
The bullish trend is currently very strong on UNISWAP PROTOCOL TOKEN - UNI/USD. As long as the price remains above the support at 27.78 USD, you could try to benefit from the boom. The first bullish objective is located at 29.00 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 31.36 USD as an objective. Crossing it would then enable buyers to target 36.20 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
7.9
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This analysis was given by alphakarl. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The UNISWAP PROTOCOL TOKEN - UNI/USD price is 28.30 USD. The price registered an increase of +7.40% on the session and was traded between 26.14 USD and 28.45 USD over the period. The price is currently at +8.26% from its lowest and -0.53% from its highest.26.14
28.45
28.30
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum 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 UNISWAP PROTOCOL TOKEN - UNI/USD in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Aroon indicator bullish trend
Type : Bullish
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near resistance of channel
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 | 27.06 | 27.47 | 27.78 | 28.30 | 31.36 | 36.20 | 43.17 |
| Change (%) | -4.38% | -2.93% | -1.84% | - | +10.81% | +27.92% | +52.54% |
| Change | -1.24 | -0.83 | -0.52 | - | +3.06 | +7.90 | +14.87 |
| Level | Major | Minor | Intermediate | - | Intermediate | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 23.66 | 24.77 | 25.56 | 26.67 | 27.46 | 28.57 | 29.36 |
| Camarilla | 25.83 | 26.00 | 26.18 | 26.35 | 26.52 | 26.70 | 26.87 |
| Woodie | 23.50 | 24.69 | 25.40 | 26.59 | 27.30 | 28.49 | 29.20 |
| Fibonacci | 24.77 | 25.50 | 25.94 | 26.67 | 27.40 | 27.84 | 28.57 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 20.20 | 22.12 | 23.64 | 25.56 | 27.08 | 29.00 | 30.52 |
| Camarilla | 24.22 | 24.54 | 24.86 | 25.17 | 25.49 | 25.80 | 26.12 |
| Woodie | 20.01 | 22.02 | 23.45 | 25.46 | 26.89 | 28.90 | 30.33 |
| Fibonacci | 22.12 | 23.43 | 24.24 | 25.56 | 26.87 | 27.68 | 29.00 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.12 | 19.22 | 22.11 | 25.21 | 28.10 | 31.20 | 34.09 |
| Camarilla | 23.35 | 23.90 | 24.45 | 25.00 | 25.55 | 26.10 | 26.65 |
| Woodie | 16.02 | 19.17 | 22.01 | 25.16 | 28.00 | 31.15 | 33.99 |
| Fibonacci | 19.22 | 21.51 | 22.92 | 25.21 | 27.50 | 28.91 | 31.20 |
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): | 58.43 | |
| MACD (12,26,9): | 0.0400 | |
| Directional Movement: | 4.87 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 26.64 | |
| Parabolic SAR (0,02-0,02-0,2): | 27.21 | |
| Elder Ray (13): | 0.20 | |
| Super Trend (3,10): | 26.13 | |
| Zig ZAG (10): | 26.93 | |
| VORTEX (21): | 1.0600 | |
| Stochastique (14,3,5): | 88.35 | |
| TEMA (21): | 26.64 | |
| Williams %R (14): | -3.70 | |
| Chande Momentum Oscillator (20): | 0.56 | |
| Repulse (5,40,3): | 1.1600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 0.63 |
| MA7: | 25.91 | |
| MA20: | 25.80 | |
| MA50: | 25.01 | |
| MA100: | 25.79 | |
| MAexp7: | 26.69 | |
| MAexp20: | 26.57 | |
| MAexp50: | 26.38 | |
| MAexp100: | 26.11 | |
| Price / MA7: | +9.22% | |
| Price / MA20: | +9.69% | |
| Price / MA50: | +13.15% | |
| Price / MA100: | +9.73% | |
| Price / MAexp7: | +6.03% | |
| Price / MAexp20: | +6.51% | |
| Price / MAexp50: | +7.28% | |
| Price / MAexp100: | +8.39% |
Quotes :
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Real time data
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