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Uniswap price risks 45% crash by September despite Robinhood listing

Published 07/15/2022, 12:53 PM
Updated 07/16/2022, 03:40 PM
Uniswap price risks 45% crash by September despite Robinhood listing
UNIs/USD
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The latest Uniswap (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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