Market Structure Of Fet, Vechain And Uni!

FETCH.AI ANALYSIS: SEPTEMBER, 2021

Market Structure:

Fetch.ai is building an open access, tokenized, and decentralized protocol to enable users to operate smart contracts. Here’s the market structure of Fetch.ai.

Fetch.ai is trading at $0.710. The market structure of the coin is extremely bullish owing to the formation of higher-highs and higher-lows on the daily time frame. In addition to this, the coin has broken multiple structure points such as $0.3001, $0.4078 and $0.5115 respectively. The coin has also broken out its May swing-high and retested back to the break-out point. If the breakout sustains, the coin may witness a rally towards all-time highs.

On the hourly chart, the coin has been consolidating between a narrow range. On the demand side, this range extends from $0.6593 to $0.6785. The range exists between $0.7216 and $0.7326 on the supply side. A stronger supply order block is also present in the range of $0.7565 to $0.7679.

Fetch.ai structure
Source: tradingview

Market Indicators:

The Relative Strength Index is indicating mild price strength for the coin in the short-term. The hourly RSI has crossed above the neutral region. It stands at 53.92 and has the potential to go higher.

The MACD is below the signal line owing to the consolidating with a negative bias.

Fetch.ai structure
Source: tradingview

Conclusion:

On the breakout and close above $0.7322, $0.7563 and $0.7743 are the targets on the upside.

On the breakdown and close below $0.6744, $0.6600 and $0.6440 are the targets on the downside.

VECHAIN ANALYSIS: SEPTEMBER, 2021

Market Structure:

Vechain is the world’s leading blockchain application platform driven by enterprise networks. Here’s the market structure of Vechain.

Vechain is trading at $0.14275. The market structure of Vechain is bullish owing to the break of structure point on the daily time frame. This structure point was placed at $0.091. Since then, the coin has rallied over 150%, in two months roughly. However, it has faced an obstacle at the next structure point, placed at $0.1432. The coin must break this structure point in order to continue its bullish trajectory. Else, the coin may remain sideways with a negative bias. On the flip side, a bearish trend may be triggered if the support of $0.13868 is broken.

On the hourly chart, the coin is trading in a narrow range of consolidation. The demand zone is between $0.138 to $0.139. On the other hand, the immediate supply zone ranges from $0.14772 to $0.14852. The coin must break and close above this zone so as to continue its bullish trajectory.

Vechain structure
Source: tradingview

Market Indicators:

The Relative Strength Index is indicating price strength for the coin in the short-term. The hourly RSI is above the neutral region. It stands at 57.96 and has the potential to go higher.

The MACD is below the signal line, due to the sideways-negative bias trend of the coin.

Vechain indicators
Source: tradingview

Conclusion:

On the breakout and close above $0.148, $0.152 and $0.160 are the targets on the upside.

On the breakdown and close below $0.138, $0.134 and $0.131 are the targets on the downside.

UNISWAP ANALYSIS: SEPTEMBER, 2021

Market Structure:

Uniswap is a group of DeFi applications designed by various developers and researchers. Here’s the market structure of Uniswap.

Uniswap is trading at $29.88. The market structure of the coin is extremely bullish owing to the break of multiple structures on the daily time frame. In addition to this, the coin has recently bottomed out and is ready to take out the previous higher-high formation at $30.60. The coin has made a hammer candle on the daily chart indicating buying from lower levels. Thus, we can see some bullish momentum in the altcoin in the coming weeks.

On the hourly chart, the coin is nearing its supply zone which ranges from $30.05 to $30.50. The coin must break this zone in order to take out its aforementioned higher-high formation. The volumes leading the coin to this zone are bullish. However, the 20-day exponential moving average is right at its head, thus creating a resistance.

uniswap structure
Source: tradingview

Market Indicators:

The Relative Strength Index is indicating price weakness for the coin. The hourly RSI stands below the neutral region. It stands at 47.68 and has the potential to move above the neutral region if the coin breaks its supply zone.

The MACD is below the signal line due to the bearish consolidation on the hourly chart.

Uniswap indicators
Source: tradingview

Conclusion:

On the breakout and close above $30.50, $31.13 and $32 are the targets on the upside.

On the breakdown and close below $29.04, $28.46 and $28 are the targets on the downside.