06.02.202608:35 Forex Analysis & Reviews: Uniswap is weakening toward its nearest support level

[Uniswap]

Although RSI(14) is still in the Neutral-Bullish level, but both EMAs remain in a Death Cross intersection, so the sellers are still dominant in Uniswap cryptocurrency today.

Key Levels

1. Resistance. 2 : 4.073

2. Resistance. 1 : 3.618

3. Pivot : 3.366

4. Support. 1 : 2.911

5. Support. 2 : 2.659

Tactical Scenario

Pressure Zone: If the price of Uniswap breaks down below 2.911, there is potential pressure toward 2.659.

Momentum Extension Bias: If 2.659 is broken, the decline may continue toward 2.204.

Invalidation Level / Bias Revision

The downside bias is restrained if Uniswap breaks above 4.073.

Technical Summary

EMA(50) : 3.354

EMA(200): 3.698

RSI(14) : 50.97

Economic News Release Agenda:

Tonight the United States will release the following economic data:

US - Prelim UoM Consumer Sentiment - 22:00 WIB

US - Prelim UoM Inflation Expectations - 22:00 WIB

US - Consumer Credit m/m - 03:00 WIB