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Elliott Wave Analysis TradingLounge Daily Chart

Uniswap/ U.S. dollar(UNIUSD)

UNIUSD Elliott Wave Technical Analysis

Function: Follow trend

Mode: Motive

Structure: Impulse

Position: Wave (2)

Direction Next higher Degrees: wave (2) of Impulse

Wave Cancel invalid Level:

Details: wave 2 is likely to end and price is rising again in wave 3

Uniswap/ U.S. dollar(UNIUSD)Trading Strategy:
The correction in wave 2 seems to be over so we focus on the five-wave rally of wave 2 and the price action remains in an uptrend. We are looking for a re-entry into the trend.

Uniswap/ U.S. dollar(UNIUSD)Technical Indicators:
The price is above the MA200 indicating an uptrend. The Wave Oscillator is a Bullish Momentum.

Elliott Wave Analysis TradingLounge 4hr Chart

Uniswap/ U.S. dollar(UNIUSD)

UNIUSD Elliott Wave Technical Analysis

Function: Counter trend

Mode: Corrective

Structure: Flat

Position: Wave (C)

Direction Next higher Degrees: wave (2) of Impulse

Wave Cancel invalid Level: 

Details: wave 2 is likely to end and price is rising again in wave 3

Uniswap/ U.S. dollar(UNIUSD)Trading Strategy:
The correction in wave 2I seems to be over so we focus on the five-wave rally of wave 3 and the price action remains in an uptrend. We are looking for a re-entry into the trend.

Uniswap/ U.S. dollar(UNIUSD)Technical Indicators:
The price is above the MA200 indicating an uptrend, The Wave Oscillator is a Bullish Momentum.

Technical Analyst: Kittiampon Somboonsod

Source: Tradinglounge.com

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