Search Inside Bitcoins

Uniswap Price Prediction for Today, October 27: UNI May Break Up $7.2 Level

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

Join Our Telegram channel to stay up to date on breaking news coverage

The bulls are taken over Uniswap market

Uniswap Price Analysis – October 27

Further increase in the bulls’ momentum may break up the resistance level of $7.2, this may increase the Uniswap to $7.9 and $8.9 resistance levels. Failure from the bulls to break up the resistance level of $7.2, may decrease price to $6.7, $5.7 and $5.1 price levels.

UNI/USD Market

Key Levels:

Resistance levels: $7.2, $7.9, $8.9

Support levels: $6.7, $5.7, $5.1

UNI/USD Long-term Trend: Bullish

Uniswap is bullish on the long-term outlook. UNISWAP price was rejected at the support level of $5.1 on 21 September. A candle pattern called bullish engulfing emerged at the same level just mentioned, which act as a signal to the traders that bulls are ready to push up the price. The price increases and tested the resistance level of $6.7. It penetrates the mentioned level and increasing slowly towards the resistance level of $7.2.

Uniswap has crossed the two EMAs upside trading above the two dynamic resistance level is an indication of bullish momentum. The fast moving average (9 periods EMA) is crossing the slow moving average (21 periods EMA) upside. Further increase in the bulls’ momentum may break up the resistance level of $7.2, this may increase the price to $7.9 and $8.9 resistance levels. Failure from the bulls to break up the resistance level of $7.2, may decrease price to $6.7, $5.7 and $5.1 price levels. The Relative Strength Index is bending up at 62 levels indicating a strong bullish momentum.

UNI/USD Medium-term Trend: Bullish

On the 4-hour chart, Uniswap is bullish. A pin bar candle pattern formed at $5.1 support level on 13, October is an indication that bulls are gathering momentum to increase the price. The bullish momentum is pushing the price towards the resistance level of $7.2. There is probability that the price may break up resistance level of $7.2.

Uniswap is trading above the 9 periods EMA and 21 periods EMA, the relative strength index period 14 is at 62 levels bending up to indicate buy signal.

The IMPT token is increasing to $10 million within four weeks, it has been a fantastic presale. It indicate that Impact token is on its right way to reach first stage presale target of $10.8 million.

The Dash 2 Trade presale is currently soaring above $2m within short period of time, this is an excellent beginning. It is on the second stage of its nine stages with the price technically increasing on each stage. At the moment in second stage, the price is $0.05.

Related

Join Our Telegram channel to stay up to date on breaking news coverage

Read next