UNIUSD Elliott Wave Analysis - TradingLounge Daily Chart
Uniswap/ U.S. Dollar Daily Chart Analysis
UNIUSD Elliott Wave Technical Analysis
Function: Counter-trend
Mode: Corrective
Structure: Double Corrective
Position: Wave (Y)
Next Higher Degree Direction: Wave ((4))
Wave Invalidation Level:
Uniswap/ U.S. Dollar (UNIUSD) Trading Strategy
UNI/USD is projected to rebound into wave (5) with key price targets between $15.82 and $19.00. Traders should observe price movements around resistance zones within the channel to identify strong buying opportunities at the wave’s initiation.
Trading Strategies
✅ Buy Strategy (Long Position):
- Enter a long position when the price remains within the $10.50 - $11.50 range.
- Place a stop-loss at $9.31.
- Set take-profit levels at $15.82 and $19.00.
✅ Risk Management:
- If the price drops below $10.281, it will invalidate wave (4), signaling a trend reversal toward the downside.
Uniswap/ U.S. Dollar Elliott Wave Analysis - TradingLounge 4-Hour Chart
UNIUSD Elliott Wave Technical Analysis
Function: Counter-trend
Mode: Corrective
Structure: Double Corrective
Position: Wave (Y)
Next Higher Degree Direction: Wave ((4))
Wave Invalidation Level:
Uniswap/ U.S. Dollar (UNIUSD) Trading Strategy
UNI/USD is likely to rebound into wave (5), targeting $15.82 - $19.00. Investors should monitor price resistance levels within the channel range to seize buying opportunities early in the trend.
Trading Strategies
✅ Buy Strategy (Long Position):
- Open a buy position within the $10.50 - $11.50 range.
- Set a stop-loss at $9.31.
- Take profits at $15.82 and $19.00.
✅ Risk Management:
- If the price falls below $10.281, it will confirm the invalidation of wave (4), shifting the trend bearish.
Technical Analyst: Kittiampon Somboonsod
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