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April 05, 2023
While in the midst of a 3 day downtrend, Today's positive session could indicate a brief correction amid a broader downtrend, or, the start of a potential reversal. Currently trading at $6.47, Uniswap remains range-bound between $6.29 and $6.47.
United States ADP Nonfarm Employment Change (Mar) is next today at 12:15 UTC.
Meanwhile, United States JOLTs Job Openings (Feb) came out at 9.93 million, while a consensus of analysts was expecting 10.4 million. United States API Weekly Crude Oil Stock released yesterday at 20:30 UTC with a figure of -4.35 million, while the previous figure was -6 million. United States Factory Orders released earlier showed a marked improvement to -0.7% from the preceding data of -2.1%, but fell short of the -0.5% figure forecast by a consensus of market analysts.
Technical analysis shows that UNICORN Token USD could be slowing down soon as it approaches resistance at $7. Of course, crossing it might suggest further gains are ahead.
Uniswap shows positive signs, other assets are also on par: having closed the previous session at $1.24, FTX Token is up 9.54% today to currently trade at around $1.36. Having closed the previous session at $0.095, Dogecoin is up 2.92% today to currently trade at around $0.098.
Today's gains are adding to bullish investor sentiment as robust macro data is expected for release later today; United States Crude Oil Inventories is projected to outperform its last figure with -2.33 million. It previously stood at -7.49 million; data will be released today at 14:30 UTC.
Furthermore, the market is looking at United States ADP Nonfarm Employment Change (Mar) is expected today at 12:15 UTC. United States ISM Non-Manufacturing PMI (Mar) scheduled to come out today at 14:00 UTC.
Registering some good gains for about a month now. A month ago, Uniswap fell to a low of $0 but has since recovered 2,654,432%.
