UNIUSD Elliott Wave Analysis – TradingLounge Daily Chart
Uniswap / U.S. Dollar (UNIUSD) – Crypto Market Forecast
UNIUSD Elliott Wave Technical Analysis
Function: Counter-Trend
Mode: Corrective
Structure: Zigzag
Position: Wave ((C))
Next Direction (Higher Degree): Wave Z
Invalidation Level: Not specified
UNIUSD Trading Strategy – Daily Time Frame
Uniswap (UNIUSD) appears to have completed a complex W–X–Y–X–Z Elliott Wave correction, suggesting a potential bullish reversal. The final wave "Z" alongside the prior triangle “e” wave structure signals the possibility of a low forming between $4 and $5. This zone may now act as a key support base after the sharp decline from $19.46.
Trading Strategies
✅ Swing Trade Opportunity (Short-Term)
Watch for a breakout confirmation above the $6.50 to $7.00 resistance area with supporting volume.
Risk Management
Apply a stop-loss just below $4.70 to limit downside exposure and protect capital.
UNIUSD Elliott Wave Analysis – TradingLounge H4 Chart
Uniswap / U.S. Dollar (UNIUSD) – Crypto Trading Setup
UNIUSD Elliott Wave Technical Analysis
Function: Counter-Trend
Mode: Corrective
Structure: Zigzag
Position: Wave ((C))
Next Direction (Higher Degree): Wave Z
Invalidation Level: Not specified
UNIUSD Trading Strategy – 4-Hour Time Frame
The H4 Elliott Wave count reinforces the view that the W–X–Y–X–Z corrective structure has likely ended. Price action suggests a bullish setup developing from the termination of wave "Z" and the triangle “e” pattern. Support remains firm around $4 to $5, after the drop from $19.46.
Trading Strategies
✅ Swing Trade Opportunity (Short-Term)
Monitor price action near $6.50–$7.00 for bullish confirmation or volume surge.
Risk Management
Use a tight stop-loss beneath $4.70 to manage risk effectively.
Technical Analyst: Kittiampon Somboonsod, CEWA
Source: Visit Tradinglounge.com and learn from the Experts. Join TradingLounge Here
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