UNIUSD Elliott Wave Analysis TradingLounge Daily Chart

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

UNIUSD Elliott Wave Technical Analysis

Function: Follow Trend

Mode: Motive

Structure: Impulse

Position: Wave (2)

Direction Next Higher Degrees: Wave (2) of Impulse

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Details: Wave 2 appears to be concluding, and the price is beginning to rise in Wave 3.

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

The correction in Wave 2 seems to be complete. The focus now shifts to a five-wave rally as part of Wave 3. The price action continues to signal an uptrend, providing an opportunity to re-enter the bullish trend.

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

  • The price is trading above the MA200, signaling a sustained uptrend.

  • The Wave Oscillator indicates bullish momentum, further supporting upward price movement.

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

UNIUSD Elliott Wave Technical Analysis

Function: Counter Trend

Mode: Corrective

Structure: Flat

Position: Wave (C)

Direction Next Higher Degrees: Wave (2) of Impulse

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Details: The correction in Wave 2 appears complete, and Wave 3 is likely beginning with renewed price increases.

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

Wave 2 correction seems resolved, with attention now on a five-wave rally in Wave 3. The uptrend remains intact, offering a strategic opportunity to re-enter long positions aligned with the bullish trend.

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

  • The price remains above the MA200, a key indicator of ongoing bullish conditions.

  • The Wave Oscillator reinforces the presence of bullish momentum, aligning with Elliott Wave expectations.

Technical Analyst:  Kittiampon Somboonsod

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

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