02.02.202406:39 Forex Analysis & Reviews: Technical Analysis of Intraday Price Movement of Uniswap Cryptocurrency, Friday February 02 2024.

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If we look at the price movement of the Uniswap Crypto currency on the 4-hour chart, it appears that Uniswap is below its Moving Average, coupled with the appearance of the Ascending Broadening Wedge pattern and the presence of a bearish Fair Value Gap area level which will become its Resistance area level in the near future. Uniswap has the potential to weaken and try to break below level 5,877 if this level is successfully broken downwards and if there is no upward correction that passes above level 6,231 then the Uniswap cryptocurrency has the potential to continue its weakening to level 6,669 as the main target and if the momentum and volatility is quite supporting, then the level 5,526 will be the next target.

(Disclaimer)

Arief Makmur
Analytical expert of InstaForex
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