UNISWAP PROTOCOL TOKEN - UNI/USD - Weekly - Technical analysis published on 12/22/2023 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Neutral
Technical indicators
89%
0%
11%
My opinion
Bullish above 4.75 USD
My targets
7.52 USD (+20.90%)
9.01 USD (+44.81%)
My analysis
The current short-term bullish acceleration on UNISWAP PROTOCOL TOKEN - UNI/USD should quickly allow the basic trend to return to bullish. To avoid contradicting the short term, traders may prefer long positions (at the time of purchase) as long as the price remains well above 4.75 USD. Short-term buyers will use the resistance located at 7.52 USD as an objective. A bullish break in this resistance would boost the bullish momentum. The next bullish objective would then be set at 9.01 USD. Crossing this resistance would then open the door for buyers to target 14.56 USD. Caution, if there is a return to under 4.75 USD, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend sellers, many of whom will certainly benefit from this movement.
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
3.9
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Additional analysis
Quotes
UNISWAP PROTOCOL TOKEN - UNI/USD rating 6.22 USD. The price registered an increase of +0.81% over 5 days with the lowest point at 5.60 USD and the highest point at 6.30 USD. The deviation from the price is +11.07% for the low point and -1.27% for the high point.5.60
6.30
6.22
Here is a more detailed summary of the historical variations registered by UNISWAP PROTOCOL TOKEN - UNI/USD:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this Weekly chart of UNISWAP PROTOCOL TOKEN - UNI/USD indicates that the overall trend is not clearly defined. This indecision could turn into a bullish trend due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 16 technical indicators on 18 studied are currently positioned bullish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 3.84 | 6.22 | 7.52 | 14.56 | 31.36 |
| Change (%) | -38.26% | - | +20.90% | +134.08% | +404.18% |
| Change | -2.38 | - | +1.30 | +8.34 | +25.14 |
| Level | Intermediate | - | Minor | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.62 | 5.75 | 5.96 | 6.09 | 6.30 | 6.43 | 6.64 |
| Camarilla | 6.09 | 6.12 | 6.15 | 6.18 | 6.21 | 6.24 | 6.27 |
| Woodie | 5.67 | 5.77 | 6.01 | 6.11 | 6.35 | 6.45 | 6.69 |
| Fibonacci | 5.75 | 5.88 | 5.96 | 6.09 | 6.22 | 6.30 | 6.43 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.77 | 5.33 | 5.75 | 6.31 | 6.73 | 7.29 | 7.71 |
| Camarilla | 5.90 | 5.99 | 6.08 | 6.17 | 6.26 | 6.35 | 6.44 |
| Woodie | 4.70 | 5.30 | 5.68 | 6.28 | 6.66 | 7.26 | 7.64 |
| Fibonacci | 5.33 | 5.70 | 5.94 | 6.31 | 6.68 | 6.92 | 7.29 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.62 | 3.54 | 4.75 | 5.67 | 6.88 | 7.80 | 9.01 |
| Camarilla | 5.36 | 5.56 | 5.76 | 5.95 | 6.15 | 6.34 | 6.54 |
| Woodie | 2.76 | 3.61 | 4.89 | 5.74 | 7.02 | 7.87 | 9.15 |
| Fibonacci | 3.54 | 4.36 | 4.86 | 5.67 | 6.49 | 6.99 | 7.80 |
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): | 58.87 | |
| MACD (12,26,9): | 0.2200 | |
| Directional Movement: | 10.53 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 5.58 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.69 | |
| Elder Ray (13): | 0.38 | |
| Super Trend (3,10): | 4.05 | |
| Zig ZAG (10): | 6.21 | |
| VORTEX (21): | 0.9900 | |
| Stochastique (14,3,5): | 75.94 | |
| TEMA (21): | 6.01 | |
| Williams %R (14): | -27.52 | |
| Chande Momentum Oscillator (20): | 1.55 | |
| Repulse (5,40,3): | 9.1700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.1200 | |
| Courbe Coppock: | 56.96 |
| MA7: | 6.04 | |
| MA20: | 6.20 | |
| MA50: | 5.77 | |
| MA100: | 5.01 | |
| MAexp7: | 5.91 | |
| MAexp20: | 5.42 | |
| MAexp50: | 5.76 | |
| MAexp100: | 8.02 | |
| Price / MA7: | +2.98% | |
| Price / MA20: | +0.32% | |
| Price / MA50: | +7.80% | |
| Price / MA100: | +24.15% | |
| Price / MAexp7: | +5.25% | |
| Price / MAexp20: | +14.76% | |
| Price / MAexp50: | +7.99% | |
| Price / MAexp100: | -22.44% |
Quotes :
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Real time data
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