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Uniswap price risks 45% crash by September despite Robinhood listing

Cryptocurrency 30 minutes ago (Jul 16, 2022 03:40PM ET)

Uniswap price risks 45% crash by September despite Robinhood listing Uniswap price risks 45% crash by September despite Robinhood listing

The latest (UNI) chart pattern suggests that investors should be prepared for a correction after gaining nearly 20% over the past week.

UNI’s price has been trending upward since mid-June inside what appears to be a “rising wedge,” which traditional analysts view as a bearish reversal pattern due to its history of luring bulls into buying fake-out bounces.

UNI/USD daily price chart featuring ‘rising wedge’ setup. Source: TradingView
UNI/USD daily price chart featuring IH&S setup. Source: TradingView

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