UNISWAP - UNI/USD

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Type:	Cryptocurrencies
Ticker:	UNIUSD
ISIN:

UNISWAP - UNI/USD - Weekly - Technical analysis published on 11/26/2023 (GMT)

Londinia

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Timeframe : Weekly
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Neutral

Technical indicators

78%

17%

My opinion

Bullish above 4.86 USD

My targets

7.52 USD (+22.48%)

8.68 USD (+41.37%)

My analysis

The current short-term bullish trend should quickly fix the basic bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for UNISWAP PROTOCOL TOKEN - UNI/USD as long as the price remains well above 4.86 USD. The buyers' bullish objective is set at 7.52 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 8.68 USD. If there is any crossing, the next objective would be the resistance located at 14.56 USD.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

3.4

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by SprangsOpportunities. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The UNISWAP PROTOCOL TOKEN - UNI/USD rating is 6.14 USD. Over 5 days, this instrument gained +18.30% and was traded between 4.87 USD and 6.60 USD over the period. The price is currently at +26.08% from its lowest point and -6.97% from its highest point.

4.87

6.60

6.14

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner for higher/lower results shows the following items:

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

The Central Volumes scanner notes the presence of abnormal volumes:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

Technical analysis of this Weekly chart of UNISWAP PROTOCOL TOKEN - UNI/USD indicates that the overall trend is not clearly defined. This indecision could turn into a bullish trend due to the strong bullish signals currently being given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : Weekly

Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : Weekly

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 : Weekly

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Weekly

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

MACD indicator is back over 0

Type : Bullish

Timeframe : Weekly

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S1	Price	R1	R2	R3
ProTrendLines	3.87	6.14	7.52	14.56	31.36
Change (%)	-36.97%	-	+22.48%	+137.13%	+410.75%
Change	-2.27	-	+1.38	+8.42	+25.22
Level	Major	-	Minor	Minor	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	5.81	5.94	6.06	6.19	6.31	6.44	6.56
Camarilla	6.11	6.13	6.16	6.18	6.20	6.23	6.25
Woodie	5.81	5.94	6.06	6.19	6.31	6.44	6.56
Fibonacci	5.94	6.04	6.10	6.19	6.29	6.35	6.44

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	3.37	4.10	5.14	5.87	6.91	7.64	8.68
Camarilla	5.69	5.86	6.02	6.18	6.34	6.51	6.67
Woodie	3.53	4.18	5.30	5.95	7.07	7.72	8.84
Fibonacci	4.10	4.78	5.19	5.87	6.55	6.96	7.64

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	3.13	3.48	3.82	4.17	4.51	4.86	5.20
Camarilla	3.96	4.02	4.09	4.15	4.21	4.28	4.34
Woodie	3.12	3.48	3.81	4.17	4.50	4.86	5.19
Fibonacci	3.48	3.75	3.91	4.17	4.44	4.60	4.86

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):	60.32
MACD (12,26,9):	0.0100
Directional Movement:	12.25
AROON (14):	35.72
DEMA (21):	5.02
Parabolic SAR (0,02-0,02-0,2):	4.10
Elder Ray (13):	0.99
Super Trend (3,10):	4.00
Zig ZAG (10):	6.14
VORTEX (21):	1.0600
Stochastique (14,3,5):	74.56
TEMA (21):	5.32
Williams %R (14):	-16.67
Chande Momentum Oscillator (20):	1.92
Repulse (5,40,3):	19.7200
ROCnROLL:	1
TRIX (15,9):	-0.6100
Courbe Coppock:	8.38

MA7:	5.85
MA20:	5.43
MA50:	4.72
MA100:	4.57
MAexp7:	5.41
MAexp20:	5.11
MAexp50:	5.69
MAexp100:	8.12
Price / MA7:	+4.96%
Price / MA20:	+13.08%
Price / MA50:	+30.08%
Price / MA100:	+34.35%
Price / MAexp7:	+13.49%
Price / MAexp20:	+20.16%
Price / MAexp50:	+7.91%
Price / MAexp100:	-24.38%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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