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Technical Analysis of Intraday Price Movement of Uniswap Cryptocurrency, Friday May 16, 2025.
Technical Analysis of Intraday Price Movement of Uniswap Cryptocurrency, Friday May 16, 2025.
Crypto-currencies
2025-05-16 04:09:05
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.
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