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FX.co ★ Technical Analysis of Daily Price Movement of Uniswap Cryptocurrency, Friday August 25 2023.

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Crypto Analysis:::2023-08-25T04:56:32

Technical Analysis of Daily Price Movement of Uniswap Cryptocurrency, Friday August 25 2023.

Technical Analysis of Daily Price Movement of Uniswap Cryptocurrency, Friday August 25 2023.

On the daily chart of the Uniswap Crypto currency, we can see that the Trendilo indicator is below the bottom line and the Supertrend is above the price. This gives an indication that sellers are still dominant in this market so that in the next few days Uniswap has the potential to continue its decline to the level of 4,513 and if this level is successfully broke downwards, the 3,603 level will potentially become the main target to be tested unless on its way to these targets Uniswap suddenly corrects upwards past the 5,500 level, so the downward scenario described previously will become invalid and cancel itself.

(Disclaimer)

Analyst InstaForex
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