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06.12.202408:16 Forex Analysis & Reviews: Technical Analysis of Intraday Price Movement of Uniswap Cryptocurrency, Friday December 06, 2024.

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Exchange Rates 06.12.2024 analysis

From what is seen on the 4-hour chart of the Uniswap cryptocurrency, there is a Golden Cross from the EMA 50 which is above the EMA 200 which indicates a Bullish condition in this cryptocurrency coupled with confirmation from the appearance of hidden deviations between the price movement of the Uniswap cryptocurrency and the Stochastic Oscillator indicator confirming that in the near future Uniswap has the potential to test the level of 16,507 if this level is successfully broken upwards then 18.226 will be the next target even if the momentum and volatility support then 19.288 will be Uniswap's next goal but all these strengthening scenarios will be invalid and canceled if on the way to strengthening Uniswap suddenly experiences a significant weakening correction especially if it breaks through and closes below the level of 14.320.

(Disclaimer)

Arief Makmur
Analytical expert of InstaForex
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