Uniswap cryptocurrency can be expected to rise further toward the next resistance level 7.720 (which stopped the previous corrective wave a last week).
- Uniswap reversed from support zone
- Likely to rise to resistance level 7.720
Uniswap cryptocurrency recently reversed up from the support zone between the support level 6.680 (which stopped the earlier wave A in the middle of October, as can be seen from the daily Uniswap chart below), lower daily Bollinger Band and the 50% Fibonacci correction of the upward impulse (1) from June. The upward reversal from this support zone created the daily Japanese candlesticks reversal pattern Bullish Harami, which stopped the earlier correction b – that belongs to the ABC correction B from the middle of October.Given the strength of the support level 6.680, clear daily uptrend and the improving sentiment around Uniswap after the launch of its v4 Aggregator Hooks, Uniswap cryptocurrency can be expected to rise further toward the next resistance level 7.720 (which stopped the previous corrective wave a last week).The subject matter and the content of this article are solely the views of the author. FinanceFeeds does not bear any legal responsibility for the content of this article and they do not reflect the viewpoint of FinanceFeeds or its editorial staff.The information does not constitute advice or a recommendation on any course of action and does not take into account your personal circumstances, financial situation, or individual needs. We strongly recommend you seek independent professional advice or conduct your own independent research before acting upon any information contained in this article.
