Elliott Wave Analysis TradingLounge Daily Chart, 12 January 24,
Uniswap / U.S. dollar(UNIUSD)
UNIUSD Elliott Wave Technical Analysis
Function: Counter trend
Mode: Corrective
Structure: Zigzag
Position: Wave (A)
Direction Next higher Degrees: wave ((2)) of Impulse
Wave Cancel invalid Level: 4.50
Details: After Leading Diagonal complete the Price usually retest 78.6% of Leading Diagonal
Uniswap / U.S. dollar(UNIUSD)Trading Strategy: Uniswap's rise appears to be a Leading Diagonal, found in Wave 1 or Wave A, and has ended at the 8.4288 level, making the current price in the range of a further correction. And there is a chance to test the 4.820 level before rising 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, 12 January 24,
Uniswap / U.S. dollar(UNIUSD)
UNIUSD Elliott Wave Technical Analysis
Function: Counter trend
Mode: Corrective
Structure: Zigzag
Position: Wave (A)
Direction Next higher Degrees: wave ((2)) of Impulse
Wave Cancel invalid Level: 4.50
Details: We missed two more moves. Wave A is complete. Befor Pullback in Wave B
Uniswap / U.S. dollar(UNIUSD)Trading Strategy: Uniswap's rise appears to be a Leading Diagonal, found in Wave 1 or Wave A, and has ended at the 8.4288 level, making the current price in the range of a further correction. And there is a chance to test the 4.820 level before rising again.
Uniswap / U.S. dollar(UNIUSD)Technical Indicators: The price is Above the MA200 indicating an uptrend, Wave Oscillators a bullish Momentum.
