Elliott Wave Analysis TradingLounge Daily Chart
Uniswap / U.S. Dollar (UNIUSD)
UNIUSD Elliott Wave Technical Analysis
Function: Counter trend
Mode: Counter
Structure: Double Corrective
Position: Wave (Y)
Next Higher Degree: Wave ((E)) of Impulse
Wave Cancel Invalid Level: Not specified
Details: The movement within the triangle pattern may be complete, with the price showing potential for another upward move.
Uniswap / U.S. Dollar (UNIUSD) Trading Strategy:
The wave (2) correction appears to be complete, and the price could move higher. Look for opportunities to enter the market as wave (3) starts to trend upward.
Uniswap / U.S. Dollar (UNIUSD) Technical Indicators:
- The price is trading above the MA200, signaling a bullish trend.
- The Wave Oscillator shows a bearish momentum.
Elliott Wave Analysis TradingLounge H4 Chart
Uniswap / U.S. Dollar (UNIUSD)
UNIUSD Elliott Wave Technical Analysis
Function: Follow trend
Mode: Motive
Structure: Impulse
Position: Wave ((3))
Next Higher Degree: Wave ((3)) of Impulse
Wave Cancel Invalid Level: Not specified
Details: The wave 2 correction appears to be complete, and the price is expected to rise as wave 3 progresses.
Uniswap / U.S. Dollar (UNIUSD) Trading Strategy:
The wave (2) correction seems to have finished, suggesting the price may continue upward. Consider looking for opportunities to enter the market as wave (3) unfolds.
Uniswap / U.S. Dollar (UNIUSD) Technical Indicators:
- The price is above the MA200, indicating a bullish trend.
- 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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