Elliott Wave Technical Analysis: Uniswap Crypto Price News For Thursday, Jan 30

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Uniswap/ U.S. dollar(UNIUSD)

UNIUSD Elliott Wave Technical Analysis

Function: Counter trend

Mode: Corrective

Structure: Double Corrective

Position: Wave (Y)

Direction Next higher Degrees: wave ((4))  

Wave Cancel invalid Level:

Uniswap/ U.S. dollar(UNIUSD)Trading Strategy:

UNI/USD is likely to rebound into wave (5) with key targets at $15.82 - $19.00. Investors should closely monitor price action around the resistance levels in the Channel range to capture buying opportunities at the start of the wave.

Trading strategies

* Buy Strategy (Long Position):

   * Buy when the price is still in the range of $10.50 - $11.50 with a stop loss at $9.31

   * Set a profit target at $15.82 and $19.00

* Risk Management:

   * If the price breaks 10.281, it will confirm that wave (4) has been violated and the trend will change to down.

Uniswap/ U.S. dollar(UNIUSD)

UNIUSD Elliott Wave Technical Analysis

Function: Counter trend

Mode: Corrective

Structure: Double Corrective

Position: Wave (Y)

Direction Next higher Degrees: wave ((4))  

Wave Cancel invalid Level:

Uniswap/ U.S. dollar(UNIUSD)

UNI/USD is likely to rebound into wave (5) with key targets at $15.82 - $19.00. Investors should closely monitor price action around the resistance levels in the Channel range to capture buying opportunities at the start of the wave.

Uniswap/ U.S. dollar(UNIUSD)Trading Strategy:

UNI/USD is likely to rebound into wave (5) with key targets at $15.82 - $19.00. Investors should closely monitor price action around the resistance levels in the Channel range to capture buying opportunities at the start of the wave.

Trading strategies

* Buy Strategy (Long Position):

   * Buy when the price is still in the range of $10.50 - $11.50 with a stop loss at $9.31

   * Set a profit target at $15.82 and $19.00

* Risk Management:

   * If the price breaks 10.281, it will confirm that wave (4) has been violated and the trend will change to down.

Technical Analyst: Kittiampon Somboonsod

Source: Tradinglounge.com

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