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Unitrade Technical Analysis: Price Escalates And Marks $0.05808


cryptoknowmics.com 02 June 2022 09:33, UTC
Reading time: ~2 m

Key Technical Points

  • TRADE price escalates by 88.88%
  • Price hit all times high of $0.2107
  • The RSI is above 75

TRADE Past performance Unitrade technical analysis divulges that TRADE has been on a bullish trend in the past 24-hours. Moreover, the cryptocurrency hit a high of $0.2107, a low of $0.03064, and is currently trading at $0.05808, at the time of writing with a market capitalization of $2,903,880.75 and a trading volume of $2,028,622.92.

 Source: Trading view

Unitrade Technical Analysis

TRADE is on a bullish trend following a breakout from a descending triangle pattern. The cryptocurrency is expected to continue its upward momentum and hit the $0.062 resistance level. However, if the $0.056 support level is breached, TRADE could drop to $0.050. The RSI is currently above 75 indicating that TRADE is in overbought territory furthermore, If the RSI declines below 70, it could signal that TRADE is oversold and due for a correction. The MACD is currently above the signal line indicating that TRADE is in a bullish trend. If the MACD line crosses below the signal line, it could signal that TRADE is in a bearish trend. The Bollinger bands are currently contracting indicating that TRADE is in a range-bound market. If the Bollinger bands expand, it will signal that TRADE is about to experience a price breakout. Technical indicators disclose that 16 out of the 26 indicators have a buy signal while 2 are sell and 8 hold. The oscillators are bullish while the moving averages are also bullish

Upcoming trend

Unitrade technical analysis reveals that TRADE's current bullish trend moreover is consequently expected to continue in the short term. However, if the $0.056 support level is breached, TRADE could experience a price correction.  

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