Elliott Wave Technical Analysis: Uniswap / U.S. Dollar

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Elliott Wave Analysis TradingLounge Daily Chart, 16 February 2023.

Uniswap / U.S. Dollar (UNIUSD)

UNIUSD Elliott Wave Technical Analysis

Function: Follow trend

Mode: Motive

Structure: Impulse

Position: Wave III

Direction Next higher Degrees: wave (I) of Impulse

Details: Wave 3 is equal to 1.618 multiplied Length of wave 1 at 15.371
Wave Cancel invalid Level: 6.094

Uniswap / U.S. Dollar (UNIUSD) Trading Strategy: Uniswap has recovered from the MA200 line, making it more likely that wave ((2)) will complete. And the price is trending higher in waves ((3)), which could lead to the level of 15.371.

Uniswap / U.S. Dollar (UNIUSD) Technical Indicators: The price is above the MA200 indicating an uptrend. The wave oscillators Below Zero-Line momentum are bearish.
Analyst: Kittiampon Somboonsod

Elliott Wave Analysis TradingLounge 4H Chart, 16 February 2023.

Uniswap / U.S.dollar(UNIUSD)

UNIUSD Elliott Wave Technical Analysis

Function: Follow trend

Mode: Motive

Structure: Impulse

Position: Wave ((3))

Direction Next higher Degrees: wave III of Impulse

Details: Sub-wave of wave ((3)), the price trend trade above 7.518

Wave Cancel invalid Level: 6.094

Uniswap / U.S.dollar(UNIUSD) Trading Strategy: Uniswap has recovered from the MA200 line, making it more likely that wave ((2)) will complete. And the price is trending higher in waves ((3)), which could lead to the level of 15.371.

Uniswap / U.S.dollar(UNIUSD) Technical Indicators: The price is above the MA200 indicating an uptrend. The wave oscillators above Zero-Line momentum are bullish.