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Elliott Wave Analysis TradingLounge Daily Chart

UNI/ U.S. dollar(UNIUSD)

UNIUSD Elliott Wave Technical Analysis

Function: Counter trend

Mode: Corrective

Structure: Double Corrective

Position: Wave (Y)

Direction Next higher Degrees: wave ((2))  

Wave Cancel invalid Level:

Details: The corrective of wave 2 before rising again in wave 3.

UNI/ U.S. dollar(UNIUSD)Trading Strategy:
The rise from 11.216 to 15.825 only lasted three waves, indicating that the previous trend is not over yet, and the drop from 15.825 supports this idea. Therefore, UNI is likely to go down, test 9.31 before rising again.

UNI/ 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

UNI/ U.S. dollar(UNIUSD)

UNIUSD Elliott Wave Technical Analysis

Function: Counter trend

Mode: Corrective

Structure: Double Corrective

Position: Wave (Y)

Direction Next higher Degrees: wave ((2))  

Wave Cancel invalid Level:

Details: The corrective of wave 2 before rising again in wave 3.

UNI/ U.S. dollar(UNIUSD)Trading Strategy:
The rise from 11.216 to 15.825 only lasted three waves, indicating that the previous trend is not over yet, and the drop from 15.825 supports this idea. Therefore, UNI is likely to go down, test 9.31 before rising again.

UNI/ U.S. dollar(UNIUSD)Technical Indicators: 
The price is below the MA200 indicating a Downtrend. The Wave Oscillator is a Bearish Momentum.

Technical Analyst: Kittiampon Somboonsod

Source: Tradinglounge.com

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