Elliott Wave Technical Analysis: UNIUSD - Friday, March 8

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Elliott Wave Analysis TradingLounge Daily Chart, 8 March 24,

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 I of Impulse

Wave Cancel invalid Level: 4.50

Details: Wave 3 may be complete watch out for the Corrective

Uniswap/ U.S. dollar(UNIUSD)Trading Strategy:

Uniswap is still in its Wave 3 rally, with two more moves needed to complete the Impulse pattern: a Wave 4 decline and a Wave 5 rally. Consequently, Uniswap remains bullish overall and is in a continuous upward trend.

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

TradingLounge Analyst: Kittiampon Somboonsod, CEWA

Source: Tradinglounge.com

Elliott Wave Analysis TradingLounge 4Hr Chart, 8 March 24,

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 I of Impulse

Wave Cancel invalid Level: 4.50

Details: Wave 3 may be complete watch out for the Corrective

Uniswap/ U.S. dollar(UNIUSD)Trading Strategy:

Uniswap is still in its Wave 3 rally, with two more moves needed to complete the Impulse pattern: a Wave 4 decline and a Wave 5 rally. Consequently, Uniswap remains bullish overall and is in a continuous upward trend.

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

 


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