Uniswap Analysis, August 17, 2025
Uniswap on the M15 timeframe: Looking at the candlestick structure, it appears that the price experienced downward pressure, but managed to rebound from the green area, indicating strong buying interest at that level. The candlestick that formed afterward indicates a fairly solid buyer push, although there was still some seller backlash. This pattern often indicates a consolidation phase before the price decides its next direction. However, because the price remains above the support and moving average, the opportunity for an increase still outweighs the potential for a decline. We can try buying if the price corrects to the green area I marked with a stop-loss at 10,893 and a take-profit at 11,119.
