Uniswap SMA200
2024-04-20

Uniswap UNI/USD is trading at it's SMA200. All standard indicators are printing a buy signal. This is a great long entry position. Uniswap is the decentralized exchange (DEX) leader. It recently received a Wells Notice from the SEC, hinting at potential enforcement actions. This move mirrors the SEC’s historical approach of targeting successful crypto projects. In my opinion, this can turn into a good thing as time goes on.

SMA20 = 9.36
SMA50 = 11.52
SMA100 = 9.40
SMA200 = 7.46
2024YTD
low = 5.91
high = 17.03

Another great long entry is Polygon MATIC/USD:
SMA20 = .81
SMA50 = .97
SMA100 = .92
SMA200 = .84
2024YTD
low = .59
high = 1.29



