UNIUSD Elliott Wave Analysis TradingLounge Daily Chart

Uniswap/ U.S. Dollar (UNIUSD) Analysis

UNIUSD Elliott Wave Technical Analysis

Function: Counter trend

Mode: Counter

Structure: Double Corrective

Position: Wave (Y)

Direction Next Higher Degrees: Wave ((E)) of Triangle

Wave Cancel Invalid Level: N/A

Details: Movement within the Triangle pattern may be complete, signaling a potential price increase.

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

The wave ((E)) correction appears complete, suggesting a continued upward price movement. Look for buying opportunities to join the uptrend.

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

• The price is above the MA200, confirming an uptrend.

• The Wave Oscillator shows Bearish Momentum.

UNIUSD Elliott Wave Analysis TradingLounge H4 Chart

Uniswap/ U.S. Dollar (UNIUSD) Analysis

UNIUSD Elliott Wave Technical Analysis

Function: Follow trend

Mode: Motive

Structure: Impulse

Position: Wave ((3))

Direction Next Higher Degrees: Wave ((3)) of Impulse

Wave Cancel Invalid Level: N/A

Details: Wave 2 may be complete, indicating a likely price increase in Wave 3.

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

The wave (2) correction seems complete, with potential for further price increases in wave (3). Look for opportunities to join the uptrend.

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

• The price remains above the MA200, supporting an uptrend.

• 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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