Technical analysis by SRFXGlobal about Symbol UNI: Buy recommendation (3/21/2025)

### Technical Analysis for Uniswap (UNI/USDT) UNIUSDT Current Price Level: $6.88 Time Frame: 1-day chart#### Trend AnalysisUniswap has been in a bearish trend since reaching a peak in the recent months, following a series of lower highs and lower lows. However, the price shows signs of potential reversal as it approaches crucial support levels, indicating a possible transition into a consolidation phase.#### Key Levels1. Support Levels: - Primary Support: $5.00 (green line) – This level has been tested multiple times and serves as a solid floor. - Invalidation Level: Below $4.63 – A daily close below this level would indicate a potential continuation of the bearish trend.2. Resistance Levels: - Short-Term Resistance: $8.00 - Targets for Swing Trade: - 1st Target: $8.00 - 2nd Target: $10.00 - 3rd Target: $12.00 - 4th Target: $15.00 - Long-Term Target: $30.00+#### Moving Averages- The price is currently above the 50-day (yellow line) and 200-day moving averages, which suggests a bullish momentum. A crossover where the 50-day MA crosses above the 200-day MA may indicate a solid buying opportunity.#### Chart Patterns- The recent price action appears to be forming an ascending triangle or bullish flag pattern, which typically precedes upward breakouts. The market trajectory suggests that Uniswap may be preparing for a price increase.#### Volume Analysis- Recent trading volume has increased during upward price action, suggesting accumulation by buyers. Continued volume spikes on upward moves will confirm the bullish sentiment.#### Technical Indicators- RSI: (Relative Strength Index) is approaching the 50 mark, signaling that the market momentum is shifting. A breakout above the 50 level could indicate bullish momentum. - MACD: The Moving Average Convergence Divergence indicator is showing signs of a bullish crossover. If this trend continues, it would suggest that upward momentum is gaining strength.### Conclusion and Trade StrategyConsidering the current technical setup for Uniswap:- Entry Point: $5.80 - $6.45 provides a high-risk reward ratio for traders looking to buy.- Targets: Use multi-tiered profit-taking strategies with the specified targets: $8.00, $10.00, $12.00, and $15.00 based on the progression of the price.- Stop Loss: Set a stop-loss order at $4.63 to minimize loss in case of a downward reversal.Final Note: Always consider external market factors and news that may impact crypto prices. Ensure risk management measures are in place when entering trades.