Uniswap Protocol Token May Be Offering a Trading Opportunity With Its Cross Above Its 100 Moving Average

The Hourly View for Uniswap Protocol Token

  • At the time of this writing, UNI’s price is up $0.1 (0.46%) from the hour prior.
  • This is a reversal of the price action on the previous hour, in which price moved down.
  • If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe.
  • The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

Uniswap Protocol Token’s hourly price chart is shown below.

UNI

The Daily View for Uniswap Protocol Token

  • Currently, UNI’s price is down $-1.54 (-6.5%) from the day prior.
  • This is a reversal of the price action on the previous day, in which price moved up.
  • If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 100 day timeframe.
  • Regarding moving averages, it should first be noted that price has crossed the 100 day moving average, resulting in them with price now being below it. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
  • Divergence between UNI’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in UNI’s price.

Below is a daily price chart of Uniswap Protocol Token.

UNI

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