Lokesh Gupta
07-03-2024
Breakout of 2-year-long resistance signals a significant trend reversal entry opportunity in Uniswap.
Recovery rally breaks the prolonged bearish trend, surpassing the $10 mark and forming a rounding reversal on the weekly chart.
#Uniswap price breaks $13.5 resistance turned support, expected to hold against bearish reversal.
Daily chart analysis reveals a series of bullish candles during the market recovery, with the price breaching key resistance level of $15.
Uniswap Price soared by over 185% following breakout from descending trend line resistance.
$UNI price surged by 113% in the last four weeks, driven by increased buying pressure.
#Uniswap price hits a new 52-week high amidst overall trend reversal, marking a bullish market.
As per Coin Gabbar analysis, With a steady recovery, $UNI price aims for $20 and $23 as potential targets.
KEY LEVELS :
RESISTANCE LEVEL : $18.00-$22.50
SUPPORT LEVEL : $13.00-$10.00
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Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
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