Greetings everyone

and welcome to the Nov 14 technical Analysis. An analysis under some big news for the coins it is crucial to see their reaction.

These coins are Bitcoin on one hand and both Ethereum and UNI token on the other.

Bitcoin

As per PayPal announcement, crypto trading and payment are available for US clients, planning to bring these services to 26 million merchants. Also, the company increased the weekly limit from $10,000 to $20,000.

Under this big news, the price will be pushed in a hard way. The 51% increase in 37 days is too much and if this continues, November could be close over $18,500. Unfortunately, correction is inventible, so the fall will be, also, hard.

Of course, if a correction occurs sooner - ideally during November - the price will build strength and when surpassing $17,000 it will be a good support to hold the uptrend to $18,000 or even $19,000.

ETH and UNI

Uniswap farms closing on Nov 17 - from mid-Sept generating about 2m tokens per week. As the community wasn't able to make a clear decision about that matter, a total of $1,1 billion worth in Ethereum - and about 18 million UNI tokens - will be released in circulation.

Ethereum is in an uptrend leg, trying to reach $500. The release of the locked EThereum will make the market volatile. These ETHs will be injected into the market or the investors will choose to lock them again. If the late occurs the price will continue to have the same smooth increase, but if this kind of amount reaches the market, then it will not hold and the price can fall even below $400.

UNI on the other has made some progress - as I wrote here. It tries to reach its true value. Be aware that $3,80 is a very strong resistant Cleveland already has been tested. Eventually, it will break, forming a new and stronger support level.

The token, after the initial airdrop, mends to be minted over the farming technic. The pairs are ETH-DAI, ETH-USDC, ETH-USDT, and ETH-WBTC.

The price will be pushed down hard, if these newly minted coins flood the market, possibly will test the all time low.

As this token is community-driven, they should make a decision and find a solution to protect the token and the investors, as well, who trusted it.

Images from Investing.com and tradingview.com

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