UNISWAP - UNI/USDT - Daily - Technical analysis published on 08/18/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
44%
11%
44%
My opinion
Bullish above 22.44 USDT
My targets
28.80 USDT (+9.84%)
34.27 USDT (+30.70%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 22.44 USDT remains possible. It is advisable to trade UNISWAP PROTOCOL TOKEN - UNI/USDT with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 22.44 USDT. The next bullish objective for buyers is set at 28.80 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 34.27 USDT. If there is any crossing, the next objective would be the resistance located at 37.74 USDT. PS: if there is a bearish break in the support located at 22.44 USDT we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
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
3.6
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Additional analysis
Quotes
UNISWAP PROTOCOL TOKEN - UNI/USDT rating 26.22 USDT. On the day, this instrument lost -0.72% with the lowest point at 25.52 USDT and the highest point at 27.08 USDT. The deviation from the price is +2.74% for the low point and -3.18% for the high point.25.52
27.08
26.22
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of UNISWAP PROTOCOL TOKEN - UNI/USDT in Daily shows an overall bullish trend. The signals given by moving averages are 64.29% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : Daily
The probability of a further increase is slight given the direction of the technical indicators.
Other results related to technical indicators were also found by the Central Indicators scanner:
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : Daily
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 15.79 | 20.14 | 22.44 | 26.22 | 28.80 | 34.27 | 37.74 |
| Change (%) | -39.78% | -23.19% | -14.42% | - | +9.84% | +30.70% | +43.94% |
| Change | -10.43 | -6.08 | -3.78 | - | +2.58 | +8.05 | +11.52 |
| Level | Minor | Minor | Intermediate | - | Major | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 19.74 | 22.83 | 24.62 | 27.71 | 29.50 | 32.59 | 34.38 |
| Camarilla | 25.07 | 25.52 | 25.96 | 26.41 | 26.86 | 27.31 | 27.75 |
| Woodie | 19.09 | 22.51 | 23.97 | 27.39 | 28.85 | 32.27 | 33.73 |
| Fibonacci | 22.83 | 24.69 | 25.85 | 27.71 | 29.57 | 30.73 | 32.59 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 21.55 | 23.47 | 26.79 | 28.71 | 32.03 | 33.95 | 37.27 |
| Camarilla | 28.67 | 29.15 | 29.63 | 30.11 | 30.59 | 31.07 | 31.55 |
| Woodie | 22.25 | 23.82 | 27.49 | 29.06 | 32.73 | 34.30 | 37.97 |
| Fibonacci | 23.47 | 25.47 | 26.71 | 28.71 | 30.71 | 31.95 | 33.95 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.61 | 10.31 | 16.03 | 19.73 | 25.45 | 29.15 | 34.87 |
| Camarilla | 19.15 | 20.01 | 20.88 | 21.74 | 22.60 | 23.47 | 24.33 |
| Woodie | 7.61 | 10.82 | 17.03 | 20.24 | 26.45 | 29.66 | 35.87 |
| Fibonacci | 10.31 | 13.91 | 16.14 | 19.73 | 23.33 | 25.56 | 29.15 |
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): | 55.74 | |
| MACD (12,26,9): | 2.1600 | |
| Directional Movement: | 1.06 | |
| AROON (14): | 85.71 | |
| DEMA (21): | 29.16 | |
| Parabolic SAR (0,02-0,02-0,2): | 31.25 | |
| Elder Ray (13): | -1.11 | |
| Super Trend (3,10): | 23.41 | |
| Zig ZAG (10): | 26.81 | |
| VORTEX (21): | 1.1400 | |
| Stochastique (14,3,5): | 61.79 | |
| TEMA (21): | 30.15 | |
| Williams %R (14): | -47.59 | |
| Chande Momentum Oscillator (20): | 0.75 | |
| Repulse (5,40,3): | -7.1500 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 1.6500 | |
| Courbe Coppock: | 51.73 |
| MA7: | 28.76 | |
| MA20: | 26.29 | |
| MA50: | 21.72 | |
| MA100: | 23.30 | |
| MAexp7: | 28.03 | |
| MAexp20: | 26.26 | |
| MAexp50: | 23.81 | |
| MAexp100: | 23.79 | |
| Price / MA7: | -8.83% | |
| Price / MA20: | -0.27% | |
| Price / MA50: | +20.72% | |
| Price / MA100: | +12.53% | |
| Price / MAexp7: | -6.46% | |
| Price / MAexp20: | -0.15% | |
| Price / MAexp50: | +10.12% | |
| Price / MAexp100: | +10.21% |
Quotes :
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Real time data
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Cryptocompare
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