Uniswap Looks Much Better Based On Moving Averages (85%)

14 Jul 2022

If you have been reading the other charts/trade ideas that we share, you can easily appreciate that prices are either trading below EMA10 or just challenging it and if the chart looks good we can see it above EMA10 and sometimes above EMA50.

Now, let's have a look at Uniswap vs Tether (UNIUSDT).

See how EMA50 ($5.53) is already far behind as Uniswap moves above EMA100 ($6.55).

EMA100 is the level at which we saw a rejection back in April.

Another rejection happened 9-July and today we see a candle breaking above.

Confirmation only comes in less than 2 hours when the daily candle closes.

A close above this level, can lead to 80%+, short-term.

Mid/Long-term there can be more.

Namaste.