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Elliott Wave Analysis TradingLounge Daily Chart

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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