Elliott Wave Technical Analysis: Uniswap - Tuesday, Oct. 18

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UNIUSD Elliott Wave Technical Analysis

Function: Follow trend

Mode: Motive

Structure: Impulse

Position: Wave (3)

Direction Next higher Degrees: wave ((3)) of Motive

Details: the rise of the third wave tends to be greater than 1.618 x the first wave at 8.49.

Wave Cancel invalid Level: 5.388

Uniswap (UNIUSD) Trading Strategy: The price tends to trade above the 9.817 level, but even so, be aware of the resistance at the MA200 line, if it fails to pass, the price may drop again.

Uniswap (UNIUSD) Technical Indicators: MACD Histogram and MACD above zero line bullish momentum, Price below MA200 MA50O bearish trend.

Analyst: Kittiampon Somboonsod

Function: Follow trend

Mode: Motive

Structure: Impulse

Position: Wave (3)

Direction Next higher Degrees: wave ((3)) of Motive

Details: the rise of the third wave tends to be greater than 1.618 x the first wave at 8.49.

Wave Cancel invalid Level: 5.388

Uniswap (UNIUSD) Trading Strategy: The price tends to trade above the 7.079 level, and the third wave tends to be greater than 1.618 x the first wave at 8.49. This could be an opportunity to open a long position.

Uniswap (UNIUSD) Technical Indicators: MACD Histogram has bullish divergence, MACD has hidden bullish divergence, The price has a chance to reverse an uptrend.


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Disclosure: As with any trading or investment opportunity there is a risk of making losses especially in day trading or investments that Trading Lounge expresses opinions on. Note: Historical ...

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