AlanSantana

Uniswap Growing Since May | Targets & Support Levels

Long
BITSTAMP:UNIBTC   Uniswap / Bitcoin
Uniswap is super strong, chartwise, and we see it has been growing since May 2022 when a low was hit.

After this low was hit we have higher lows and now a bullish consolidation phase.

Bullish consolidation because we have a strong RSI and prices trading above EMA10, EMA50 and EMA300 just to name a few.
UNIBTC is also trading above MA200 which is not shown on this chart.

As per the title, please allow me to show you the support and resistance levels most important on this chart.

The resistance levels or targets, are marked yellow.
Up to 50% in the short/mid-term.

As for support levels, they are marked ligith blue and the main one is -20% away.

You can use this information in whatever way you like but please keep in mind, if you are just getting started, it is wise to have a plan, follow a strategy before you buy.

It is more than wise to develop a plan before buying any coins...
One can buy and hold long-term, this can work, and then study but the way to reduce risk to the lowest possible is to be informed before making any calls.

Namaste.

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