Dogecoin, Ethereum , Uniswap Price Movement Analysis for 21st February 2021

Spread the love

Ethereum saw some selling pressure that put it down under $2000. Uniswap has shown that its buoyant momentum has diminished in the short term, and Dogecoin has stopped its slow decline and has found a degree of support.

Dogecoin [DOGE]

In recent weeks, Dogecoin has fallen lower on the charts. The Awesome Oscillator showed a bare-bone momentum, and the Bollinger bands stayed steady and close to the price. The amount of trading was also consistently poor.

The 50 SMA (yellow) was moving above the 20 SMA (white), but over the last few days, the $0,054 level of support has kept sellers at bay.

Above $0.054, some support can also be found at the $0.044 level.

Ethereum [ETH]

Ethereum, Uniswap, Dogecoin Price Analysis: 21 February

Source: ETH/USD on TradingView

On the 1-hour map, ETH dropped out of the rising channel in which it had been trading in the last few days. The $1950-$2050 region was highlighted as an area of supply that the bulls would have to transform to one of demand. They have been unsuccessful in this attempt.

The RSI fell below neutral 50 and showed a downtrend in progress as the ETH was lower, but the 23.6 per cent retracement level was retained as support. A re-examination of the $1875 region seemed likely, and the price response over the next few days would indicate whether a deeper correction is inevitable, or whether the retrenchment was over and ETH could revisit $2000.

RECOMMENDED READ:  NetWalker Ransomware Gang Is Storing $7M in Bitcoin In SegWit Cold Storage

A fast recovery would require $1875-$1900 area to be protected by the bulls.

Uniswap [UNI]

Ethereum, Uniswap, Dogecoin Price Analysis: 21 February

Source: UNI/USDT on TradingView

Uniswap rose by more than 50 percent the previous day to a record high of $32.9. The buoyant momentum weakened, and the UNI could not grow any further in the intraday outlook.

The MACD developed a bearish crossover and started to display steadily increasing bearish momentum, even as UNI fell to $27 and attempted to rebound with a $32 retest. At the time of publishing, there was no strong signal to buy or sell. Good purchase opportunities lie at the confluence of the Fibonacci retracement levels, for example, at $25 or $23.7.


 324 Interactions,  2 today

Uniswap, BitTorrent Token, Elrond Price Movement Analysis for 12th April, 2021

Uniswap was consolidating over the $30 level, and BitTorrent Token seemed to be in an accumulation process as well. Elrond Read more

Uniswap, Monero, Ethereum Classic Price Movement Analysis for 10th April, 2021

If the price is unable to overcome the $32-resistance, Uniswap can fall back to $26.2 support. Monero's bullish movement was Read more

 BitTorrent Token, Hedera Hashgraph, Uniswap Price Movement Analysis for 9th April, 2021

Bitcoin bounced off the $56k mark but ran into opposition at $58.3k, and this bounce helped alts recover in the Read more

Uniswap Price Movement Analysis for 8th April, 2021

Uniswap's price has risen over the last year. Although the coin's value has risen by over 850 percent, pricing activity Read more

Uniswap, VeChain, Waves Price Movement Analysis for 5th April, 2021

Uniswap traded slightly above the $30-mark but was projected to remain below $32 over the short term. VeChain and Waves, Read more

Algorand,  EOS, Uniswap Price Movement Analysis for 3rd April, 2021

Algorand was expected to break through a high resistance level of $1.4. EOS was supposed to stable at $6 before Read more

EOS, Ethereum Classic, UNI Price Movement Analysis for 30th March, 2021

While several altcoins have recently risen in popularity, their success remains linked to that of Bitcoin, the world's largest cryptocurrency. Read more

How PancakeSwap seeks to challenge Uniswap’s DeFi domination.

PancakeSwap has emerged as one of the top DeFi sites, and its integration with Binance Smart Chain makes it a Read more

Litecoin, Theta, Uniswap Price Movement Analysis for 28th March, 2021

Since struggling to flip its overhead resistance at $29.3, Uniswap shifted sideways. On the basis of bullish factors, theta was Read more

Uniswap Price Movement Analysis for 28th March, 2021

Lower timeframes for Uniswap indicated a change of leverage in favour of the bulls. This could lead UNI to increase Read more

Leave a Reply

Contact Us