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UNISWAP – ALTCOIN CHART ANALYSIS



Uniswap (UNI) is currently in a slight uptrend. However, we have a resistance line above us, which we have already tested several times.


We are currently trading at around $6.33. We passed the 200-SMA (last 200 average prices/purple) and 200-EMA without any problems and were able to confirm them as support.


Now it's time to break the above resistance. Chances are that we could do that in the next few days and thus form a higher high as well


If we manage to break this resistance, UNI could start a small rally into the USD 8 area. There we then have to fill a first small inefficiency.


However, if we get rejected again, we could retest our last support as we have a lot of volume here.


This support is located at around $5.70. However, there should be a lot of support there and we could start a new attempt at the top.

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