Brief Analysis ——UNI
At 10:00am Jul.17 local time, ETHCC, the largest annual Ethereum community conference in Europe, was held in Paris. The conference will last for four days. Some classic protocols will bring new mechanisms, new plans and new routes. Today we will share 3 project tokens participating in ETHCC, UNI, 1INCH and CRV. Prepare for the possible pump.
As early as the beginning of July, UNI had already repaired the FUD of SEC. Price continue to rise with callback. From a larger scale, UNI has remained fluctuating within a range (gray area) since November last year. Although UNI broke through the range in June, it came back soon. Compared with 2022, the volatility of UNI has dropped a lot. In the rising process this time, UNI performed better than most tokens, but as the emission token of Uniswap, even in the process of rising, the bears is still obvious (red arrow). Uni keep neutral on a large scale.
Conclusion: The high probability rise has not ended. Bulls is stronger than bears now, so we draw this conclusion. However, short-term rise and long-term fall is relatively rare. Bears is not weak. This is a more difficult variety to trade at the daily level. We set resistance level at 6.5 and support level at 5.
If you have any ideas, welcome to communicate with us:)
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
As early as the beginning of July, UNI had already repaired the FUD of SEC. Price continue to rise with callback. From a larger scale, UNI has remained fluctuating within a range (gray area) since November last year. Although UNI broke through the range in June, it came back soon. Compared with 2022, the volatility of UNI has dropped a lot. In the rising process this time, UNI performed better than most tokens, but as the emission token of Uniswap, even in the process of rising, the bears is still obvious (red arrow). Uni keep neutral on a large scale.
Conclusion: The high probability rise has not ended. Bulls is stronger than bears now, so we draw this conclusion. However, short-term rise and long-term fall is relatively rare. Bears is not weak. This is a more difficult variety to trade at the daily level. We set resistance level at 6.5 and support level at 5.
If you have any ideas, welcome to communicate with us:)
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
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