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Cryptocurrency News Articles
UniswapX Protocol: A Non-Custodial Dutch Auction-Based Trading Protocol
Jun 17, 2024 at 11:06 am
UniswapX Protocol is a non-custodial Dutch auction-based trading protocol implemented for the Ethereum Virtual Machine. UniswapX aggregates both on-chain
UniswapX Protocol is a non-custodial Dutch auction-based trading protocol for the Ethereum Virtual Machine. It aggregates both on-chain and off-chain liquidity, internalizes MEV in the form of price improvement, offers gas-free swaps, and can be extended to support cross-chain trading.
Ichimoku Analysis (4 hour chart)
Tenken-Sen - $10.68
Kijun-Sen - $10.62
UNIUSD was one of the best performers this week
Any daily close above $17 confirms further bullishness.
UNIUSD showed a massive jump of more than 20% in the past three days. The pair holds well above the short-term (21 and 55 EMA) and long-term moving average. It hit a low of $8.74 and is currently trading around $10.68.
The bullish invalidation can happen if the pair closes below $5.80. On the lower side, the near-term support is $8.70 Any break below targets $7.85/$7/5.90.
The immediate resistance stands at around $12. Any breach above confirms a minor pullback. A jump to $14/$17/$20 is possible. A surge past $20 will take it to $25/$30.
It is good to buy on dips around $10 with SL around $8 for TP of $17.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
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