Uniswap: ⬇️ Sell
– Uniswap reversed from resistance zone
– Likely to fall to support level 3.235
Uniswap cryptocurrency recently reversed from the resistance zone between the key resistance level 4.130 (which has been reversing the price from the start of February), upper daily Bollinger Band and the 38.2% Fibonacci correction of the downward impulse from January.
The downward reversal from this resistance zone created the daily Japanese candlesticks reversal pattern Bearish Engulfing.
Given the overriding daily downtrend, Uniswap can be expected to fall to the next support level 3.235, which stopped wave i at the end of February.