Bitcoin Elliott Wave Technical Analysis: Thursday, February 29

Four Assorted Cryptocurrency Coins

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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

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