Elliott Wave Analysis TradingLounge Daily Chart, 18 December 23,
Uniswap / U.S. dollar(UNIUSD)
UNIUSD Elliott Wave Technical Analysis
Function: Counter trend
Mode: Corrective
Structure:
Position: Wave (2)
Direction Next higher Degrees: wave ((2)) of Impulse
Wave Cancel invalid Level: 4.50
Details: Retracement of wave ((2)) usually .50 or .618 x Length wave ((1))
Uniswap / U.S. dollar(UNIUSD)Trading Strategy: The wave 1 increase appears to have ended at the 7.54 level, so when the five-wave increase was completed, It will be followed by a correction in a three-wave pattern. We therefore predict a retracement of Wave 2 at the level of 50-61.8% of Wave 1, where the price will return to the main trend again.
Uniswap / U.S. dollar(UNIUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, Wave Oscillators a Bullish Momentum.
TradingLounge Analyst: Kittiampon Somboonsod, CEWA
Source: Tradinglounge.com get trial here!
Elliott Wave Analysis TradingLounge 4H Chart, 18 December 23,
Uniswap / U.S. dollar(UNIUSD)
UNIUSD Elliott Wave Technical Analysis
Function: Counter trend
Mode: Corrective
Structure:
Position: Wave (2)
Direction Next higher Degrees: wave ((2)) of Impulse
Wave Cancel invalid Level: 4.50
Details: Retracement of wave ((2)) usually .50 or .618 x Length wave ((1))
Uniswap / U.S. dollar(UNIUSD)Trading Strategy:The wave 1 increase appears to have ended at the 7.54 level, so when the five-wave increase was completed, It will be followed by a correction in a three-wave pattern. We therefore predict a retracement of Wave 2 at the level of 50-61.8% of Wave 1, where the price will return to the main trend again.
Uniswap / U.S. dollar(UNIUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, Wave Oscillators a Bullish Momentum.
