TradingLounge UNIUSD Elliott Wave Analysis - Daily Chart
Uniswap / U.S. Dollar (UNIUSD) Daily Chart Overview
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: Not specified
Details: The movement within the Triangle pattern seems to be complete, suggesting a potential price increase.
Uniswap / U.S. Dollar (UNIUSD) Trading Strategy
The wave E correction appears to be complete, indicating a potential continuation of the upward movement. Traders should consider looking for opportunities to enter the uptrend.
Uniswap / U.S. Dollar (UNIUSD) Technical Indicators
- The price remains below the MA200, signaling a downtrend.
- The Wave Oscillator reflects bearish momentum.
TradingLounge UNIUSD Elliott Wave Analysis - 4-Hour Chart
Uniswap / U.S. Dollar (UNIUSD) 4-Hour Chart Overview
UNIUSD Crypto Pair Technical Analysis
Function: Counter trend
Mode: Counter
Structure: Double Corrective
Position: Wave (Y)
Next Higher Degree Direction: Wave ((E)) of Impulse
Wave Invalidation Level: Not specified
Details: The Triangle pattern's movement may have concluded, suggesting a potential price increase.
Uniswap / U.S. Dollar (UNIUSD) Trading Strategy
The wave E correction seems to be over, indicating a possible upward trend continuation. Traders should seek opportunities to participate in the uptrend.
Uniswap / U.S. Dollar (UNIUSD) Technical Indicators
- The price remains below the MA200, indicating a downtrend.
- The Wave Oscillator shows bearish momentum.
Technical Analyst: Kittiampon Somboonsod
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