Uniswap cryptocurrency can be expected to rise further to the next resistance level 4.2000.
- Uniswap broke key resistance level 3.800
- Likely to rise to resistance level 4.2000
Uniswap cryptocurrency continues to rise after the earlier breakout of the key resistance level 3.800 (which has been reversing the price from the start of May, as can be seen from the daily Uniswap chart below). The breakout of the resistance level 3.800 accelerated the active short-term impulse wave (iii) – which belongs to the impulse wave C of the intermediate ABC correction 2 from last year.
Given the strength of the active impulse waves iii and C, Uniswap cryptocurrency can be expected to rise further to the next resistance level 4.2000 (which has been reversing the price from the end of February) – from where Uniswap is likely to correct down.
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