Uniswap(UNI): Will We Break EMAs or Get Rejected?

Uniswap caught our attention, where we are seeing a really good chance of upper zones being reclaimed, where we might find a good entry for potential downward movement (rejection from upper zones).

We are keeping an eye on those EMAs, which are only zones of resistance for now, and if we see rejection near those zones, we will see further moves to lower zones; if not, then movement to the upper resistance zone!

Swallow Team

Comment:

Uniswap Coin has shown a nice re-test of that 200EMA line, where we had a nice rejection and a downward movement, which resulted in a nice 8% market price movement.

We are monitoring for further similar moves.

Comment:

Uniswap is still trading nicely below that 200EMA line, which shows the good demand for downward movement. The gameplay remains the same!