Elliott Wave Technical Analysis: Uniswap Crypto Price News For Thursday, Oct 24
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Uniswap/ U.S. dollar(UNIUSD)
UNIUSD Elliott Wave Technical Analysis
Function: Counter trend
Mode: Counter
Structure: Double Corrective
Position: Wave (Y)
Direction Next higher Degrees: wave ((E)) of Impulse
Wave Cancel invalid Level:
Details: Movement within the Triangle pattern May is complete and the price increase again.
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 3. The price action remains in an uptrend, and 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: Follow trend
Mode: Motive
Structure: Impulse
Position: Wave ((3))
Direction Next higher Degrees: wave ((3)) of Impulse
Wave Cancel invalid Level:
Details: Wave 2 May is complete and the price increase 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 3. The price action remains in an uptrend, and 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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