Ethereum, Uniswap & MATIC Network – American Wrap: 10/8/2020

Ethereum Price Prediction: ETH Needs To Defend This Critical Support Level

The digital asset is at risk of falling below an important support level at $343. The 100-SMA on the daily chart has acted as a strong support point several times in the past and hasn’t been notably cracked since March 2020.

Uniswap Price Prediction: UNI Could Be On The Verge Of A Massive Bounce

On the 12-hour chart, the bulls are already showing some strength after setting a low at $2.47 and bouncing towards $3.36. The MACD is slowly turning bullish, which has never happened before.

MATIC Network Eyeing 2019 Lows – Elliott Wave Analysis

MATIC Network versus the BTC is showing a bearish move, out of a completed triangle in wave b, and indicates more weakness into a wave c, which is part of a bigger a-b-c move from the highs. Wave c is an impulse, a five-wave move, and can reach 2019 lows.

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