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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 Triangle

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:
It looks like the wave ((E)) correction is complete and the price is still likely to move up. Look for an opportunity to join the uptrend.

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

Elliott Wave Analysis TradingLounge H4 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:
It looks like the wave (2) correction is complete and the price is still likely to move up. Look for an opportunity to join the wave (3) uptrend.

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

Technical Analyst: Kittiampon Somboonsod

Source: Tradinglounge.com

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