16.05.202506:09 Forex Analysis & Reviews: Technical Analysis of Intraday Price Movement of Uniswap Cryptocurrency, Friday May 16, 2025.

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

On the 4-hour chart, the Uniswap cryptocurrency appears to have a Descending Broadening Wedge pattern, so even though the Uniswap price movement is moving below the WMA (21) which has a downward slope, with the appearance of this pattern, in the near future, as long as there is no weakening correction that breaks through and closes below the 5.821 level, this cryptocurrency will continue to strengthen to the 6.888 level as its main target and if the volatility and momentum of its strengthening support it, #ETH will head to the 7.653 level.

(Disclaimer)

Arief Makmur
Analytical expert of InstaForex
© 2007-2025

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.

Earn on cryptocurrency rate changes with InstaForex

Download MetaTrader 4 and open your first trade