Uniswap
UNISWAP dump 20% within 24 hours but Why ?⚡️ Breaking News: SEC vs. Uniswap
What's Happening?
In a major escalation by the #SEC and White House, Uniswap, faces legal challenges. Instead of recognizing haydenzadams as a pivotal entrepreneur, they're taking him to court.
Why It Matters: This isn't just a problem for Uniswap. It's like the government starting a fight with the whole Crypto
Prices Falling Fast:
UNI's Big Drop: The price fell 20% from $11.11 to $9 within 24 hour after Uniswap got a warning from the SEC.
More Bad News: Because of this warning, Uniswap's token price went down 20%. It looks like they might get sued.
Everyone, Pay Attention!
Stay updated and stand up for crypto
#Uniswap #UNI CRYPTOCAP:UNI
UNI/USDT Analysis: Potential Correction towards 4.8-4.9 ?
UNI/USDT is currently facing a significant resistance area between 5.65 and 5.70.
Traders should closely monitor price movements within this range, as a breakout above it could signal a bullish trend continuation.
However, our analysis suggests that a price correction is likely in the near term. We expect UNI/USDT to correct towards the key support level at 4.8-4.9.
This correction would provide traders with an opportunity to consider long positions at a more favorable entry point.
Additionally, the 5.65-5.70 area has witnessed a support-resistance flip, indicating a shift in market sentiment.
Previously acting as a support, this zone has now turned into a resistance level. Traders should pay attention to this flip, as it may act as a catalyst for the anticipated price correction.
Despite the recent resistance, the price of UNI/USDT has been exhibiting upward movement by forming higher lows. This indicates the presence of an underlying bullish momentum in the market.
Conclusion:-
In conclusion, UNI/USDT is currently facing resistance in the 5.65-5.70 zone, while a correction towards the support level at 4.8-4.9 is expected. Traders should monitor the support-resistance flip and price movements for further confirmation.
💡Don't miss the great buy opportunity in UNIUSD @UniswapTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (23.25).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. UNIUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 69.
Take Profits:
TP1= @ 25.22
TP2= @ 28.72
TP3= @ 31.75
TP4= @ 36.55
TP5= @ 44.83
SL= Break below S2
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uniswap So lets look at the trend , if it doesnt break the bull trend as mentioned above , then it can test again upside target or else if it breaks trend we can again see it hit the support of 13$ and another good opportunity . Hope this is helpful for someone who is about to enter :)
I am NOT A FINANCIAL ADVISOR. This analysis is done on the bases of pure use of lines and basic knowledge. Enjoy the benefits!
💡Don't miss the great buy opportunity in UNIUSDT @UniswapTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (22.60).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. UNIUSDT is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 50.
Take Profits:
TP1= @ 27.95
TP2= @ 32.33
TP3= @ 35.72
TP4= @ 40.55
TP5= @ 46.70
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️