Skip to main content

UNI Price Prediction: Uniswap trending down

 


UNI price formed a lower high after UNI was bearishly rejected at the golden ratio around $9.


UNI price forecast: Uniswap could bounce again now

It 's been a month since the last UNI course forecast . At that time we wrote: “The Uniswap price bounced off the golden ratio support at around $5.8 very sharply to rise to the golden ratio resistance at around $7. Although the UNI price was able to record a price increase of around 19%, the Uniswap price was very strongly rejected at the golden ratio resistance at around USD 7.


The Uniswap price thus returned to the golden ratio support at around USD 5.8, from which UNI now seems to bounce off again. UNI may now make another attempt to break the golden ratio resistance around USD 7.”


The UNI price was repeatedly rejected in a bearish manner at the Fib resistance around USD 7

According to our last forecast, the UNI price was able to rise again to the Fibonacci resistance at around USD 7, but was again rejected in a strongly bearish manner. The Uniswap price then fell to around USD 5.15, forming a lower low than at the end of August.


The UNI course then rose again to the Fib resistance at around USD 7. Once there, the UNI price was again rejected in a bearish manner. In addition, the histogram of the MACDs is ticking bearishly lower and the MACD lines are crossed bearishly.


Meanwhile, the RSI is showing itself neutral and giving neither bullish nor bearish signals.

With that, UNI now faces significant Fib support around $6.3 and should that support not hold, Uniswap will find the next significant Fib support around $5.8.


In addition, a golden crossover was established in the 4H chart, which confirms the trend as bullish in the short term. The MACD, on the other hand, is bearish as the histogram is ticking bearishly lower and the MACD lines are bearishly crossed.

The weekly chart does not give any bullish signals. Although the MACD lines are still crossed bullishly, the histogram starts to tick bearishly lower again this week and the RSI is neutral.


Should Uniswap bearishly break the support at around USD 5.8, significant support awaits the Uniswap course at around USD 4.16 at the latest.

The Uniswap price currently ranges between the golden ratio resistance at around USD 9 and the golden ratio support at around USD 5.8. With the bearish rejection of the golden ratio at around USD 9, the Uniswap course is rather bearish. Because the bear trend was confirmed.


Against BTC, UNI price was able to close above the 0.382 Fib support around 0.000308 BTC

Against BTC, UNI price was able to close above the 0.382 Fib support around 0.000308 BTC last month. Should the support break, the next support awaits around 0.00024 BTC.


On the upside, the 0.382 Fib level around 0.00041 BTC is acting as significant resistance.


DISCLAIMER

All information contained on our website has been researched to the best of our knowledge and belief. The journalistic contributions are for general information purposes only. Any action taken by the reader based on the information found on our website is entirely at their own risk.

My Top Picks
Honeygain - Passive earner that pays in BTC or PayPal
MandalaExchange -The Best no KYC crypto Exchange! 
BetFury - Play And Earn BFG for daily Bitcoin and ETH dividends!
Pipeflare - Faucet that pays in ZCash and Matic, Games pay in DAI
Womplay - Mobile dApp gaming platform that rewards in EOS and Bitcoin
Cointiply - The #1 Crypto Earning Site
Torum - Join the latest Social Network and earn TRM for Free! 
LiteCoinPay - The #1 FaucetPay earner for Litecoin 
LBRY/Odysee - YouTube Alternative that lets you earn Money by viewing videos!
FaucetPay - The #1 Microwallet Platform
FREEBTC - The #1 FaucetPay earner for Satoshi's
FaucetCrypto - An earning/faucet site that pays out instantly
FireFaucet - An earning site that pays better for some than Cointiply
DogeFaucet - Dogecoin Faucet
xFaucet - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BCH, BNB, ZEC, FEY - Claim every 5 minutes
Konstantinova - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BNB, ZEC, USDT, FEY, 25 Claims Daily

Comments

Post a Comment

Popular posts from this blog

From offchain to offchain: Statechains meets Lightning

  Without a doubt, the most significant off-chain Bitcoin solution is the Lightning network. But in its wake, the statechain has emerged as an intriguing replacement. There is currently a proposal to link the two offchain networks. From an ocean, for example, you can see sunbeams glistening in the water, waves rippling, and possibly a jellyfish drifting toward the light. But you only see a small portion of it. The distance from the sea's surface to its bottom is hundreds of meters. It has dozens of different fish species swimming in it, crabs and starfish crawling on the bottom, shells clinging to rocks, and sea plants climbing up. A completely new world starts where your gaze diverges. You can picture a blockchain like Bitcoin, just like the sea. What you see on the outside is only a small portion of what is actually there; the set of UTXOs (coins) and transaction history that full nodes store are just the beginning of a much larger world. It's the plan, at least. With Bitcoin...
Post a Comment
Read more

Phishing attack on popular crypto sites tries to empty wallets

  Several major crypto sites such as Etherscan, CoinGecko, DeFi Pulse, and others report malicious pop-ups scammers use to try to trick users into connecting their MetaMask wallets. The phishing attack came from a domain displaying the Bored Ape Yacht Club (BAYC) logo. "We are investigating the root cause of this attack to fix the threat as soon as possible," CoinGecko founder Bobby Ong tweeted. The phishing attack appears to have been triggered by a malicious ad script from Coinzilla, a crypto ad network, according to CoinGecko. Etherscan also advises its users not to confirm any transactions that may appear on the website. The attackers attempted to use the hype around the “bored monkeys” non-fungible tokens (NFT) to gain access to the cryptocurrencies of unsuspecting website visitors. Although the websites affected by the scam attempt have reacted in the last few hours and deactivated the advertising pop-up, it is still recommended not to connect your MetaMask wallet to ne...
Post a Comment
Read more

Bored Ape Yacht Club NFTs stolen through phishing on Instagram

  Bored Ape Yacht Club ( BAYC ) developers announced on Monday that hackers have hijacked the official Instagram page of the popular NFT collection and posted links to a fake airdrop. Crypto enthusiasts who connected their MetaMask wallet to the rogue website subsequently had their Ape NFTs stolen. Apparently, the attack was planned to coincide with the one-year anniversary of the BAYC collection. This increased the "perceived credibility" of the phishing link. About 100 NFTs are said to have been stolen in the phishing attack . According to CoinGecko data , the minimum price for a BAYC NFT is 139 Ether ( ETH ) or $400,726. So if reports are correct, over $40 million worth of NFTs were stolen in the attack. These numbers are only the lowest estimate, however, as they are based on the lowest price.  At the time of writing, it was still unclear how the hackers gained access to BAYC's official Instagram account. Social media users have pointed out the importance of two-fact...
Post a Comment
Read more