UNIUSD Elliott Wave Analysis – TradingLounge Day Chart
Uniswap (UNI) / U.S. Dollar (USD) Day Chart Analysis
UNIUSD Elliott Wave Technical Analysis
Function: Follow trend
Mode: Motive
Structure: Impulse
Position: Wave (3)
Direction Next Higher Degree: Wave (3) of Impulse
Wave Cancel Invalid Level:
Details: Observing a Five-Wave increase in Wave (3).
Uniswap (UNI) / U.S. Dollar (USD) Trading Strategy
Overview:
Uniswap remains firmly in an uptrend and shows potential for a sharp surge in its third wave. Traders should consider entering the uptrend during short-term pullbacks, as the bullish momentum provides opportunities to capitalize on the continued rally.
Technical Indicators:
- Moving Average (MA200): The price is trading above the MA200, confirming the ongoing uptrend.
- Wave Oscillator: Indicates strong bullish momentum, supporting the potential for further price increases.
UNIUSD Elliott Wave Analysis – TradingLounge 4-Hour Chart
Uniswap (UNI) / U.S. Dollar (USD) 4-Hour Chart Analysis
UNIUSD Elliott Wave Technical Analysis
Function: Follow trend
Mode: Motive
Structure: Impulse
Position: Wave (3)
Direction Next Higher Degree: Wave (3) of Impulse
Wave Cancel Invalid Level:
Details: The ongoing five-wave pattern is consistent with Wave (3).
Uniswap (UNI) / U.S. Dollar (USD) Trading Strategy
Overview:
Uniswap continues to exhibit strong bullish behavior, with the third wave suggesting further upward movement. Traders should monitor for short-term pullbacks to align entries with the uptrend, leveraging the momentum for potential gains.
Technical Indicators:
- Moving Average (MA200): Price action above the MA200 reinforces the bullish outlook.
- Wave Oscillator: Shows sustained bullish momentum, indicating the potential for continued upward movement.
Technical Analyst: Malik Awais
Source: visit Tradinglounge.com and learn From the Experts Join TradingLounge Here
Previous: DOTUSD Elliott Wave Technical Analysis
VALUE Offer - Buy 1 Month & Get 3 Months!Click here
Access 7 Analysts Over 200 Markets Covered. Chat Room With Support
