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)
Direction (Next Higher Degrees): Wave ((E)) of Impulse
Wave Cancel Invalid Level: N/A
Details: The movement within the Triangle pattern may be complete, indicating the potential for price increases.
Uniswap / U.S. Dollar (UNIUSD) Trading Strategy:
The wave E correction appears to be complete, suggesting further upward movement. Traders should look for opportunities to enter long positions and join the uptrend.
Uniswap / U.S. Dollar (UNIUSD) Technical Indicators:
- The price is currently below the MA200, signaling a downtrend.
- The Wave Oscillator indicates bearish momentum.
UNIUSD Elliott Wave Analysis - TradingLounge H4 Chart
Uniswap / U.S. Dollar (UNIUSD) 4-Hour Analysis
UNIUSD Elliott Wave Technical Analysis
Function: Counter trend
Mode: Counter
Structure: Double Corrective
Position: Wave (Y)
Direction (Next Higher Degrees): Wave ((E)) of Impulse
Wave Cancel Invalid Level: N/A
Details: The movement within the Triangle pattern may be complete, suggesting a potential price rise.
Uniswap / U.S. Dollar (UNIUSD) Trading Strategy:
The wave E correction seems complete, likely continuing the upward trend. Traders should seek entry points to take advantage of the uptrend.
Uniswap / U.S. Dollar (UNIUSD) Technical Indicators:
- The price remains below the MA200, indicating a continuing downtrend.
- The Wave Oscillator shows bearish momentum.
Technical Analyst: Kittiampon Somboonsod
Source: visit Tradinglounge.com and learn From the Experts Join TradingLounge Here
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