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Elliott Wave Analysis TradingLounge Daily Chart, 22 August 2022, Uniswap(UNIUSD)
22 Monday, August 2022,02:17(UTC+1)London
UNIUSD Elliott Wave Technical Analysis
Function: Follow trend
Mode: Motive
Structure: Impulse
Position: Wave ((2))
Direction Next higher Degrees:
Details: reduction in wave ((2)) before are rising again in wave ((3)) Wave Cancel invalid Level: 3.333
Uniswap(UNIUSD) Trading Strategy: The decline to create this second wave could be an opportunity to join the trend again. Wait for the second wave to finish.

Uniswap(UNIUSD) Technical Indicators: Price has significant support at MA100, and MACD has a Hidden Bullish divergence signal.

Analyst: Kittiampon Somboonsod

(Click on image to enlarge)

Elliott Wave Analysis TradingLounge 4H Chart, 22 August 2022, Uniswap(UNIUSD)
Monday 22 August 2022,02:16(UTC+1)London
UNIUSD Elliott Wave Technical Analysis
Function: Counter trend
Mode: Corrective
Structure: Flat
Position: Wave (C)
Direction Next higher Degrees: wave ((2)) of Motive Details: Decrease in wave (C). before increasing again Wave Cancel invalid Level :
Uniswap(UNIUSD) Trading Strategy: The decline to create this second wave could be an opportunity to join the trend again. Wait for the second wave to finish.

Uniswap(UNIUSD) Technical Indicators: The price is all below the MA line, indicating a downtrend. The RSI is moving into a bearish-resistant zone.

Short-term, there is a chance to drop again.

(Click on image to enlarge)

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