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Author Topic: Uniswap Reaches Bearish Exhaustion as Sellers Threaten to Short  (Read 1036 times)

Offline Rockalo

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Uniswap's (UNI) price has fallen to $19.58 low and pulled back. The downtrend has reached bearish exhaustion as buyers emerge in the oversold region. The current downturn has been ongoing as price makes a series of lower highs and lower lows.

On the upside, Uniswap is rising as price reaches the oversold region. If the UNI rebounds above the current support, the price is likely to rally to retest the lower high of $25. And if buyers are successful at a recent high, the market will rise to the previous high of $30. Conversely, if the current upward move faces rejection at the recent high, the UNI/USD will further decline to $16.50. More information: please click here


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Re: Uniswap Reaches Bearish Exhaustion as Sellers Threaten to Short
« Reply #1 on: July 24, 2021, 07:45:30 PM »
When you're looking to arbitrage between protocols, you want to make sure your transaction gets through the network right now. But DeFi—the booming sector built on Ethereum that allows people to get loans, earn interest, or swap assets without intermediaries—often clogs up the Ethereum blockchain, making people wait for transactions to become final. That's a big risk for time-sensitive swaps. If you're a block late, someone might have already taken advantage of the arbitrage opportunity.

 

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