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Elliott Wave Analysis TradingLounge Daily Chart, 16 January 24,

Uniswap / U.S. dollar(UNIUSD)

UNIUSD Elliott Wave Technical Analysis

Function: Counter trend

Mode: Corrective

Structure: Zigzag

Position: Wave (A)

Direction Next higher Degrees: wave ((2)) of Impulse

Wave Cancel invalid Level: 4.50

Details: After the Leading Diagonal is complete the Price usually retests 78.6% of the Leading Diagonal

Uniswap / U.S. dollar(UNIUSD)Trading Strategy: Uniswap's rise appears to be a Leading Diagonal, found in Wave 1 or Wave A, and has ended at the 8.4288 level, making the current price in the range of a further correction. And there is a chance to test the 4.820 level before rising again.

Uniswap / U.S. dollar(UNIUSD)Technical Indicators: The price is Above the MA200 indicating an uptrend, and Wave Oscillators a bullish Momentum.

TradingLounge Analyst: Kittiampon Somboonsod, CEWA

Source: Tradinglounge.com

Elliott Wave Analysis TradingLounge 4H Chart, 16 January 24,

Uniswap / U.S. dollar(UNIUSD)

UNIUSD Elliott Wave Technical Analysis

Function: Counter trend

Mode: Corrective

Structure: Zigzag

Position: Wave (A)

Direction Next higher Degrees: wave ((2)) of Impulse

Wave Cancel invalid Level: 4.50

Details: We missed two more moves. Wave A is complete. Before Pullback in Wave B

Uniswap / U.S. dollar(UNIUSD)Trading Strategy: Uniswap's rise appears to be a Leading Diagonal, found in Wave 1 or Wave A, and has ended at the 8.4288 level, making the current price in the range of a further correction. And there is a chance to test the 4.820 level before rising again.

Uniswap / U.S. dollar(UNIUSD)Technical Indicators: The price is Above the MA200 indicating an uptrend, and Wave Oscillators a bullish Momentum.

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