UNISWAP - UNI/USD

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Type:	Cryptocurrencies
Ticker:	UNIUSD
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UNISWAP - UNI/USD - Weekly - Technical analysis published on 01/12/2024 (GMT)

Londinia

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Timeframe : Weekly
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Slightly bearish

Technical indicators

78%

17%

My opinion

Bullish above 5.80 USD

My targets

7.52 USD (+11.90%)

11.12 USD (+65.48%)

My analysis

The strong short-term increase in UNISWAP PROTOCOL TOKEN - UNI/USD calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 5.80 USD, you could consider taking advantage of the short-term movement. The first bullish objective is located at 7.52 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 11.12 USD as an objective. Crossing it would then enable buyers to target 14.56 USD. Caution, a return under 5.80 USD could jeopardize the reversal.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

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 6.72 USD. The price registered an increase of +6.33% over 5 days and was traded between 5.69 USD and 6.83 USD over the period. The price is currently at +18.10% from its lowest point and -1.61% from its highest point.

5.69

6.83

6.72

A study of price movements over other periods shows the following variations:

Abnormal volumes on UNISWAP PROTOCOL TOKEN - UNI/USD were detected by the Central Volumes scanner:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

A technical analysis in Weekly of this UNISWAP PROTOCOL TOKEN - UNI/USD chart shows a slightly bearish trend. 53.57% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages could quickly lead to a reversal of the trend. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:

Bearish trend reversal : Moving Average 50

Type : Bearish

Timeframe : Weekly

Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : Weekly

In fact, 14 technical indicators on 18 studied are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : Weekly

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Williams %R indicator is back over -50

Type : Bullish

Timeframe : Weekly

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S1	Price	R1	R2	R3
ProTrendLines	3.85	6.72	7.52	14.56	31.36
Change (%)	-42.71%	-	+11.90%	+116.67%	+366.67%
Change	-2.87	-	+0.80	+7.84	+24.64
Level	Major	-	Minor	Minor	Major

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	6.09	6.31	6.56	6.78	7.03	7.25	7.50
Camarilla	6.69	6.73	6.78	6.82	6.86	6.91	6.95
Woodie	6.12	6.32	6.59	6.79	7.06	7.26	7.53
Fibonacci	6.31	6.49	6.60	6.78	6.96	7.07	7.25

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	3.97	5.00	5.66	6.69	7.35	8.38	9.04
Camarilla	5.86	6.01	6.17	6.32	6.48	6.63	6.79
Woodie	3.79	4.91	5.48	6.60	7.17	8.29	8.86
Fibonacci	5.00	5.65	6.04	6.69	7.34	7.73	8.38

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	3.14	4.37	5.80	7.03	8.46	9.69	11.12
Camarilla	6.50	6.74	6.99	7.23	7.47	7.72	7.96
Woodie	3.24	4.42	5.90	7.08	8.56	9.74	11.22
Fibonacci	4.37	5.39	6.01	7.03	8.05	8.67	9.69

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):	58.23
MACD (12,26,9):	0.3800
Directional Movement:	11.86
AROON (14):	71.42
DEMA (21):	6.15
Parabolic SAR (0,02-0,02-0,2):	8.26
Elder Ray (13):	0.33
Super Trend (3,10):	4.57
Zig ZAG (10):	6.72
VORTEX (21):	1.0600
Stochastique (14,3,5):	63.65
TEMA (21):	6.66
Williams %R (14):	-34.84
Chande Momentum Oscillator (20):	2.51
Repulse (5,40,3):	-1.7400
ROCnROLL:	1
TRIX (15,9):	0.4200
Courbe Coppock:	96.03

MA7:	6.38
MA20:	6.86
MA50:	6.46
MA100:	5.53
MAexp7:	6.36
MAexp20:	5.77
MAexp50:	5.88
MAexp100:	7.95
Price / MA7:	+5.33%
Price / MA20:	-2.04%
Price / MA50:	+4.02%
Price / MA100:	+21.52%
Price / MAexp7:	+5.66%
Price / MAexp20:	+16.46%
Price / MAexp50:	+14.29%
Price / MAexp100:	-15.47%

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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