$UNI /USDT Technical Analysis and Trade Signals
Current Price: $18.54 (+19.67%)
Technical Analysis
Trend Overview:
Momentum: Bullish (Strong upward movement)
Resistance Zone: $18.85 - $19.20
Support Zone: $15.45 - $15.80
Indicators:
1. Moving Averages:
Price is trading above the 50 EMA and 200 EMA, confirming bullish momentum.
2. RSI (14):
Currently at 74, indicating overbought conditions. A pullback might occur near resistance.
3. MACD:
Bullish crossover with increasing histogram, supporting upward momentum.
Key Levels:
Resistance 1: $18.85 (24h High)
Resistance 2: $19.20 (Psychological Level)
Support 1: $17.50 (Retracement Level)
Support 2: $15.45 (24h Low)
Trade Signals
Long Entry:
Buy Zone: $17.50 - $18.00 (Upon minor retracement)
Stop Loss: $16.80
Targets:
🎯 Target 1: $18.85 (Short-term)
🎯 Target 2: $19.50 (Mid-term)
🎯 Target 3: $20.20 (Breakout target)
Short Entry:
Sell Zone: $18.85 - $19.20 (If resistance holds)
Stop Loss: $19.50
Targets:
🎯 Target 1: $18.00
🎯 Target 2: $17.50
🎯 Target 3: $15.80
Trade Momentum:
Bullish: If $18.85 resistance is broken with high volume, expect a rally toward $20.20.
Neutral/Bearish: Failure to sustain above $18.85 may lead to a correction toward $17.50 or lower.
Recommendation: Focus on bullish setups but manage risks due to overbought RSI levels. Would you like a chart for better visualization?