By Uniswap cryptocurrency can be expected to rise further toward the next resistance level 7.720 (which stopped the previous corrective wave a last week).
Uniswap reversed from support zone
Likely to rise to resistance level 7.720
Uniswap cryptocurrency recently reversed up from the support zone between the support level 6.680 (which stopped the earlier wave A in the middle of October, as can be seen from the daily Uniswap chart below), lower daily Bollinger Band and the 50% Fibonacci correction of the upward impulse (1) from June. The upward reversal from this support zone created the daily Japanese candlesticks reversal pattern Bullish Harami, which stopped the earlier correction b – that belongs to the ABC correction B from the middle of October.
Given the strength of the support level 6.680, clear daily uptrend and the improving sentiment around Uniswap after the launch of its v4 Aggregator Hooks, Uniswap cryptocurrency can be expected to rise further toward the next resistance level 7.720 (which stopped the previous corrective wave a last week).
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