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Technical Analysis of Intraday Price Movement of Uniswap Cryptocurrency, Friday December 06, 2024.
Technical Analysis of Intraday Price Movement of Uniswap Cryptocurrency, Friday December 06, 2024.
Crypto-currencies
2024-12-06 06:16:15
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.
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