UNIUSD Elliott Wave Analysis - TradingLounge Daily Chart

Uniswap / U.S. Dollar (UNIUSD) Daily Chart Analysis

UNIUSD Elliott Wave Technical Analysis

Function: Counter trend

Mode: Counter

Structure: Double Corrective

Position: Wave (Y)

Next Higher Degree Direction: Wave ((E)) of Impulse

Wave Invalidation Level:

Details: The movement within the Triangle pattern appears complete, suggesting a potential price increase.

Uniswap / U.S. Dollar (UNIUSD) Trading Strategy

The correction phase of Wave E seems to have concluded, indicating a likely upward movement in price. Consider looking for opportunities to enter the uptrend.

Uniswap / U.S. Dollar (UNIUSD) Technical Indicators

• MA200 Position: The price remains below the MA200, indicating a prevailing downtrend.

• Wave Oscillator: Shows bearish momentum.

UNIUSD Elliott Wave Analysis - TradingLounge H4 Chart

Uniswap / U.S. Dollar (UNIUSD) 4-Hour Chart Analysis

UNIUSD Elliott Wave Technical Analysis

Function: Counter trend

Mode: Counter

Structure: Double Corrective

Position: Wave (Y)

Next Higher Degree Direction: Wave ((E)) of Impulse

Wave Invalidation Level:

Details: The Triangle pattern appears complete, hinting at a potential price rise.

Uniswap / U.S. Dollar (UNIUSD) Trading Strategy

Wave E's correction looks complete, suggesting the price may continue to rise. Seek opportunities to join the uptrend.

Uniswap / U.S. Dollar (UNIUSD) Technical Indicators

• MA200 Position: Price remains below the MA200, indicating a downtrend.

• Wave Oscillator: Reflects bearish momentum.

Technical Analyst:  Kittiampon Somboonsod

Source: visit Tradinglounge.com and learn From the Experts Join TradingLounge Here 

See Previous: DOTUSD Elliott Wave Technical Analysis

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