Uniswap Elliott Wave Analysis - Tuesday, Aug. 30

Elliott Wave Analysis TradingLounge Daily Chart, 30 August 2022, Uniswap(UNIUSD)

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UNIUSD Elliott Wave Technical Analysis Function: Follow trend
Mode: Motive
Structure: Impulse
Position: Wave ((2))
Direction Next higher Degrees:
Details: reduction in wave ((2)) before are rising again in wave ((3)) Wave Cancel invalid Level: 3.333
Uniswap(UNIUSD) Trading Strategy: The second wave may end at 61.8% of the first wave. And the price wil rise again in the third wave. So it's a good opportunity to look for long position opportunities.

Uniswap(UNIUSD) Technical Indicators: MCAD Signals Hidden Bullish Divergence TradingLounge 
Technical Analyst: Kittiampon Somboonsod

 

Elliott Wave Analysis TradingLounge 4H Chart, August 30, 2022, Uniswap(UNIUSD)
UNIUSD Elliott Wave Technical Analysis Function: Counter trend
Mode: Corrective
Structure: Flat
Position: Wave (C)
Direction Next higher Degrees: wave ((2)) of Motive Details: Wave C may finish, the price has a chance to reverse the uptrend again, but it must not fall below 5.669.

Wave Cancel invalid Level: 5.669
Uniswap(UNIUSD) Trading Strategy: The second wave may end at 61.8% of the first wave. And the price wil rise again in the third wave. So it's a good opportunity to look for long position opportunities.

Uniswap(UNIUSD) Technical Indicators: MCAD Signals Bullish Divergence.


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Disclosure: As with any trading or investment opportunity there is a risk of making losses especially in day trading or investments that Trading Lounge expresses opinions on. Note: Historical ...

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