Elliott Wave Analysis Trading Lounge Daily Chart, September 12, 2022, Uniswap (UNI-X)

UNIUSD Elliott Wave Technical Analysis
Function: Follow trend
Mode: Motive
Structure: Impulse
Position: Wave ((3))
Direction Next higher Degrees:
Details: Reverse in structure, wave 2 in motive before rising again in wave 3, all is a sub-waves of wave 3 are one degree larger.

Wave Cancel invalid Level: 5.716
Uniswap (UNIUSD) Trading Strategy: Bull 's attempt to push prices higher A break through the key resistance level at MA200 line could be an opportunity to open a long position. But wait the price throwback in wave 2 and must not reverse below 5.716
Uniswap (UNIUSD) Technical Indicators: MACD Histogram has a Bullish divergence and MACD has a Hidden Bullish divergence, the price has an opportunity reversal.

TradingLounge Analyst: Kittiampon Somboonsod

Elliott Wave Analysis TradingLounge 4H Chart, September 12, 2022, Uniswap (UNIUSD)
UNIUSD Elliott Wave Technical Analysis
Function: Follow trend
Mode: Motive
Structure: Impulse
Position: Wave ((3))
Direction Next higher Degrees:
Details: Reverse in structure, wave 2 in motive before rising again in wave 3, all is a sub-waves of wave 3 are one degree larger.

Wave Cancel invalid Level: 5.716
Uniswap (UNIUSD) Trading Strategy: Bull 's attempt to push prices higher A break through the key resistance level at MA200 line could be an opportunity to open a long position. But wait the price throwback in wave 2 and must not reverse below 5.716
Uniswap (UNIUSD) Technical Indicators: MACD Histogram has a Hidden Bullish divergence and MACD has a Bullish divergence, the price has an opportunity reversal.

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