Do repost and rate:
Uniswap had seen bullish price action in the month of October which had then extended to even the mid of November. Ever since that, the coin has retraced and formed a bearish price pattern. At the current price level, Uniswap has been trading at a multi-month low price level. At the time of writing the coin was available for $14.47 and had registered a 7% fall over the last 24 hours.
UNI/USD Four-Hour Chart
Although Uniswap had attempted to breach the bearish price movement, the coin encountered strong resistance at the 50% Fibonacci Level.
After being rejected at that level, the bulls had completely taken over the market. The immediate resistance mark stood at $18.82 and the local support rested at $14.39.
