The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice.The crypto’s funding rates witnessed a slight improvement over the last few days.slipped below its EMA ribbons while revealing a heightened selling edge. The sellers renewed their pressure and propelled a streak of red candles as the alt reversed from the daily 200 EMA .If the sellers insist on protecting the $6.
Meanwhile, UNI saw a bearish crossover on its EMA ribbons while forming a bearish pennant-like structure. A convincing close below the current pattern could heighten the ongoing bearish pressure in the coming sessions. Any close above the EMA ribbons could position UNI for a retest of its long-trendline resistance in the coming time.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Uniswap: Here is how the leading DEX was impacted by the collapse of FTXFollowing FTX’s collapse on 7 November, Uniswap saw an increase in user activity. Its daily new transacting wallets rallied to a 2022 high of 55,550 wallets. Uniswap V2 and V3 saw increased ETH transactions. Leading decentralized crypto trading protocol Uniswap [UNI], in a tweet on 14 November, confirmed that new users on its web application […]
Source: CryptoAmb - 🏆 22. / 68 Read more »
Uniswap passes Coinbase as number-two Ethereum exchange(Kitco News) - Uniswap, a decentralized exchange (DEX), processed a massive amount of ETH transactions overnight, propelling it into second place for daily Ethereum trading by volume.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
Chainlink: Here’s what to expect from LINK’s recent patterned breakoutDisclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Chainlink gravitated toward its long-term support zone after chalking out a reversal pattern. LINK’s Open Interest painted a slightly bearish picture over the last 24 hours. After momentously sustaining a spot above the 20/50/200 EMA, Chainlink […]
Source: CryptoAmb - 🏆 22. / 68 Read more »