Uniswap continues to rise

UNIUSDUniswap cryptocurrency recently reversed up from the support area located between the pivotal support level 8.20 (which has been steadily reversing the price from end of February) and the lower daily Bollinger Band. The upward reversal from this support area stopped the earlier minor short-term impulse waves (iii) and 3.

 

Given the strength of the aforementioned support area, bullish divergence on the daily RSI indicator and the rising optimism that can be observed on the cryptocurrency market – Uniswap cryptocurrency prices can expect to rise further toward the next resistance level 10.00 (former support from January and February, which stopped the previous correction (ii)).

UNISWAP - Primary Analysis - Mar-17 1406 PM (1 day)

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