[Uniswap]
Although the EMA has not yet formed a Death Cross, but with the RSI position at the Neutral-Bearish level, Uniswap has the potential to weaken and fall to its nearest support level.
Key Levels:
1. Resistance. 2 : 8.446
2. Resistance. 1 : 7.998
3. Pivot : 7.726
4. Support. 1 : 8.446
5. Support. 2 : 7.006
Tactical Scenario:
Pressure Zone: If the price of Uniswap breaks down and closes below 8.446, it may continue its decline to 7.006.
Momentum Extension Bias: If 7.006 is breached, Uniswap could continue weakening to 6.558.
Invalidation Level / Bias Revision:
The downside bias is contained if Uniswap strengthens and breaks above 8.446.
Technical Summary:
EMA(50) : 7.753
EMA(200): 7.682
RSI(14) : 45.44
Economic News Release Agenda:
Tonight from the United States, the only economic data release is for Natural Gas Storage at 22:30 WIB.
