Bitcoin Elliott Wave Technical Analysis: Thursday, February 29
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Elliott Wave Analysis TradingLounge Daily Chart, 29 February 24,
Bitcoin/ U.S. dollar(BTCUSD)
BTCUSD Elliott Wave Technical Analysis
Function: Follow Trend
Mode: Motive
Structure: Impulse
Position: Wave III
Direction Next higher Degrees: wave (III)
Wave Cancel invalid level: 31046.25
Bitcoin/ U.S. dollar(BTCUSD)Trading Strategy:
The action of a wave (III) in the form of an impulse that is often extended. It is likely to go up to test the 66410.307 level, so overall Uniswap is still in an uptrend and may continue to increase.
Bitcoin/ U.S. dollar(BTCUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, Wave Oscillators a bullish Momentum.
TradingLounge Analyst: Kittiampon Somboonsod, CEWA
Source : Tradinglounge.com
Elliott Wave Analysis TradingLounge 4Hr Chart, 29 February 24,
Uniswap/ U.S. dollar(UNIUSD)
BTCUSD Elliott Wave Technical Analysis
Function: Follow Trend
Mode: Motive
Structure: Impulse
Position: Wave III
Direction Next higher Degrees: wave (III)
Wave Cancel invalid level: 31046.25
Bitcoin/ U.S. dollar(BTCUSD)Trading Strategy:
The action of a wave (III) in the form of an impulse that is often extended. It is likely to go up to test the 66410.307 level, so overall Uniswap is still in an uptrend and may continue to increase.
Bitcoin/ U.S. dollar(BTCUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, Wave Oscillators a bullish Momentum.
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Analyst Peter Mathers TradingLounge™ Australian Financial Services Licence - AFSL 317817