FX.co ★ Technical Analysis of Intraday Price Movement of Uniswap Cryptocurrency, Friday January 05 2024.

On the 4 hour chart of Uniswap cryptocurrency, there is a Head and Shoulders pattern (yellow circle) which gives the clue that this cryptocurrency condition is weak, where this is also confirmed by the Death Cross condition in both Moving Average. But with the appearance of the deviation pattern between price movement with Stochastic Oscillator indicator gives the clue that in the near future there will be an upward correction until the level of 6.925, however, if the Bearish Fair Value Gap level string enough to hold the upward correction of Uniswap and as long as there is no breakout above the level 7.352, then Uniswap still has the potential to continue its weakness until the level 5.944.

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