UNISWAP

With both EMAs condition forming a Golden Cross intersection, this confirms the buyer dominance, so in the near term Uniswap is likely to test its nearest resistance level.

Key Levels

1. Resistance. 2 : 3.555

2. Resistance. 1 : 3.478

3. Pivot : 3.426

4. Support. 1 : 3.349

5. Support. 2 : 3.297

Tactical Scenario

Positive Reaction Zone: If the price breaks out above 3.426, Uniswap will likely move up toward 3.478.

Momentum Extension Bias: If 3.478 is broken to the upside, there is potential for Uniswap to continue its strengthening to 3.555.

Invalidation Level / Bias Revision

The upside bias weakens if Uniswap breaks down below 3.297.

Technical Summary

EMA(50) : 3.427

EMA(200): 3.383

RSI(14) : 48.28

Economic News Release Agenda:

From the United States the following economic data will be released:

US - Average Hourly Earnings m/m - 19:30 WIB

US - Non-Farm Employment Change - 19:30 WIB

US - Unemployment Rate - 19:30 WIB

US - Prelim UoM Consumer Sentiment - 21:00 WIB

US - Prelim UoM Inflation Expectations - 21:00 WIB

US - Final Wholesale Inventories m/m - 21:00 WIB