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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