UNISWAP PROTOCOL TOKEN - UNI/USD - Daily - Technical analysis published on 11/05/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 4.22 USD
My targets
4.95 USD (+3.99%)
5.35 USD (+12.39%)
My analysis
UNISWAP PROTOCOL TOKEN - UNI/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 4.22 USD. The next resistance located at 4.95 USD is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 5.35 USD. After this resistance, buyers could then target 6.26 USD.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.1
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This analysis was given by SprangsOpportunities. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
UNISWAP PROTOCOL TOKEN - UNI/USD rating 4.76 USD. The price registered an increase of +1.06% on the session and was between 4.62 USD and 4.91 USD. This implies that the price is at +3.03% from its lowest and at -3.05% from its highest.4.62
4.91
4.76
Here is a more detailed summary of the historical variations registered by UNISWAP PROTOCOL TOKEN - UNI/USD:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Abnormal volumes on UNISWAP PROTOCOL TOKEN - UNI/USD were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in Daily of this UNISWAP PROTOCOL TOKEN - UNI/USD chart shows a bullish trend. 64.29% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Moving Average bullish crossovers : AMA20 & AMA50
Type : Bullish
Timeframe : Daily
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : Daily
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 3.88 | 4.66 | 4.76 | 4.95 | 5.35 | 6.26 |
| Change (%) | -18.49% | -2.10% | - | +3.99% | +12.39% | +31.51% |
| Change | -0.88 | -0.10 | - | +0.19 | +0.59 | +1.50 |
| Level | Major | Intermediate | - | Major | Minor | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.47 | 4.54 | 4.63 | 4.70 | 4.79 | 4.86 | 4.95 |
| Camarilla | 4.67 | 4.68 | 4.70 | 4.71 | 4.73 | 4.74 | 4.75 |
| Woodie | 4.47 | 4.55 | 4.63 | 4.71 | 4.79 | 4.87 | 4.95 |
| Fibonacci | 4.54 | 4.60 | 4.64 | 4.70 | 4.76 | 4.80 | 4.86 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.26 | 3.64 | 4.17 | 4.55 | 5.08 | 5.46 | 5.99 |
| Camarilla | 4.46 | 4.54 | 4.63 | 4.71 | 4.79 | 4.88 | 4.96 |
| Woodie | 3.35 | 3.68 | 4.26 | 4.59 | 5.17 | 5.50 | 6.08 |
| Fibonacci | 3.64 | 3.98 | 4.20 | 4.55 | 4.89 | 5.11 | 5.46 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.93 | 3.38 | 3.77 | 4.22 | 4.61 | 5.06 | 5.45 |
| Camarilla | 3.92 | 4.00 | 4.07 | 4.15 | 4.23 | 4.30 | 4.38 |
| Woodie | 2.89 | 3.37 | 3.73 | 4.21 | 4.57 | 5.05 | 5.41 |
| Fibonacci | 3.38 | 3.70 | 3.90 | 4.22 | 4.54 | 4.74 | 5.06 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 65.73 | |
| MACD (12,26,9): | 0.1200 | |
| Directional Movement: | 19.19 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 4.49 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.16 | |
| Elder Ray (13): | 0.32 | |
| Super Trend (3,10): | 3.94 | |
| Zig ZAG (10): | 4.75 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 77.43 | |
| TEMA (21): | 4.65 | |
| Williams %R (14): | -17.71 | |
| Chande Momentum Oscillator (20): | 0.53 | |
| Repulse (5,40,3): | 4.2200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1400 | |
| Courbe Coppock: | 22.35 |
| MA7: | 4.56 | |
| MA20: | 4.26 | |
| MA50: | 4.27 | |
| MA100: | 4.70 | |
| MAexp7: | 4.58 | |
| MAexp20: | 4.37 | |
| MAexp50: | 4.36 | |
| MAexp100: | 4.59 | |
| Price / MA7: | +4.39% | |
| Price / MA20: | +11.74% | |
| Price / MA50: | +11.48% | |
| Price / MA100: | +1.28% | |
| Price / MAexp7: | +3.93% | |
| Price / MAexp20: | +8.92% | |
| Price / MAexp50: | +9.17% | |
| Price / MAexp100: | +3.70% |
Quotes :
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Real time data
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