Uniswap (UNI) USD Price: Live Chart

UNI (Uniswap) USD Price analysis with interactive analytical tools to study chart patterns. The chart references the UNI USD price from the Coinbase exchange.

About Uniswap (UNI):

Uniswap is a popular decentralized trading protocol launched in Nov 2018 and known for its role in facilitating automated trading of ERC-20 tokens. The platform gained considerable popularity in 2020. It creates more efficiency by solving liquidity issues with automated market maker solutions, avoiding the problems which plagued the first decentralized exchanges.

In Sept 2020, Uniswap went to create its own governance token, UNI, and award to past users of the protocol. This increased profitability potential for users participating in AMM and the ability of Uniswap users to shape its future.

Helpful UNI USD Technical indicators:

Technical Analysis through the use of charts or volume helps to forecast future price trends, however, do remember always that analysis can’t make absolute predictions about the future. Therefore, trade with caution.

The following are some of the technical indicators which could be useful for anticipating the most likely Uniswap (UNI) USD price movement.

Moving average convergence divergence (MACD)

MACD is calculated by subtracting the 26-period Exponential Moving Average (EMA) from the 12-period EMA. The result of that calculation is the MACD line. A nine-day EMA of the MACD called the “signal line”, is then plotted in addition to the MACD line which together functions as a trigger for Uniswap (UNI) buy and sell.

Traders may buy the Uniswap (UNI-USD pair) when the MACD crosses above its signal line (orange line) and Sell, or short, the Uniswap (UNI) when the MACD (blue line) crosses below the signal line.

Another MACD strategy is to look at which side the MACD lines are. Either, above zero for a sustained period of time, and the trend is likely up, or below zero for a sustained period of time, and the trend is likely down. Potential buy signals occur when the MACD moves above zero, and potential sell signals when it crosses below zero.

Relative Strength Index (RSI)

RSI is an indicator that evaluates overbought or oversold conditions in the price of an asset. The RSI is a line graph that moves between two extremes and has a reading from 0 to 100. Traditional usage of the RSI is that:

Values of 70 or above indicate that an asset is becoming overbought. It signals a trend reversal or an upcoming correction in the Uniswap (UNI) USD price.
An RSI reading of 30 or below indicates an oversold or undervalued condition.

Moving Average (MA)

MA is the average of the closing USD price of an asset – Uniswap (UNI) over a given number of periods. The 200-day simple moving average is one of the most-watched activities in the price charts by mostly all experienced traders. There are two basic signals in relation to the moving average:

If the price is above the X-day SMA, this signals a bullish movement.
If the price is below the X-day SMA this signals a bearish movement.

MA(50,200) Crossovers

Another important signal that these moving averages send is a crossover between the 50-day and the 200-day moving averages.

Essentially, a bullish crossover (the 50-day MA crosses above the 200-day MA) is called a golden cross. It signals that a new bullish Uniswap (UNI) price trend is starting.
A bearish crossover (where the 50-day MA crosses below the 200-day MA) is known as the death cross. This is a sign that a bear market may be starting.

On balance volume (OBV)

OBV is another technical trading momentum indicator that uses volume flow to predict changes in the asset price. Ideally, the volume should confirm trends. A rising price should be accompanied by a rising OBV; a falling price should be accompanied by a falling OBV.

OBV is rising and the price isn’t, the price is likely to follow the OBV and start rising.
The UNI USD price is rising and OBV is flat-lining or falling, the price may be near the top.
UNI price against US Dollar is falling and OBV is flat-lining or rising, the price could be nearing a bottom.

Chart Patterns

Head and Shoulders
Cup and Handle (bullish)
Triangles (Symmetrical, Ascending (usually bullish), and Descending)
Double tops and bottom [M (bearish) and W (bullish)]
Triple Tops (bearish) & Bottoms (bullish)