The Uniswap cryptocurrency today has the potential to continue its bearish bias.

[Ben Graham]

[Uniswap]

Although the RSI(14) is in the Neutral-Bullish level, but with the appearance of a Bearish Divergence and the two EMAs still forming a Death Cross, it indicates a significant likelihood for Uniswap to weaken.

Key Levels

1. Resistance. 2 : 5.938

2. Resistance. 1 : 5.754

3. Pivot : 5.521

4. Support. 1 : 5.337

5. Support. 2 : 5.104

Tactical Scenario:

Pressure Zone: If the price breaks down below 5.337, Uniswap may head toward 5.104.

Momentum Extension Bias: If 5.104 is broken, there is potential for this cryptocurrency to test the level at 4.920.

Invalidation Level / Bias Revision:

The downside bias is restrained if the price of Uniswap strengthens and breaks above 5.938.

Technical Summary:

EMA(50) : 5.475

EMA(200): 5.545

RSI(14) : 52.67 + Bearish Divergent

Economic News Release Agenda:

Tonight, there are no economic data releases from the U.S. session.

The material has been provided by InstaForex Company - www.instaforex.com