Uniswap(UNI) Positions to $36 first before It makes new all-time highs

Uniswap price continues to consolidate and constrict within the Cloud in the Ichimoku Kinko Hyo system.

Price action for a bullish breakout, but bearish conditions with the oscillators may hint at a bull trap.

A clear breakout above the Cloud is necessary to confirm any bullish momentum.

Uniswap price is positioned for an imminent breakout. However, the direction remains uncertain. Mixed signals could yield weight to any bullish or bearish bias. Given Bitcoin’s recent momentum, a breakout higher is the more near-term scenario.

Uniswap price could see a very expansive bullish move soon, especially given its current position within the Ichimoku Kinko Hyo system. Uniswap is currently just below the top of the Cloud (Senkou Span A), and if buyers can push for a close to at least $26, then the Chikou Span will also be above the Cloud. When the Chikou Span and close are both above the Cloud, it creates one of the most sought-after bull signals in Ichimoku analysis.

Utilizing a Fibonacci expansion tool from the September 26th swing low to the October 2nd swing high gives a projection to the