Uniswap Elliott Wave technical analysis [Video]
|UNI/USD Elliott Wave technical analysis
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Function: Counter-Trend.
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Mode: Corrective.
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Structure: Zigzag.
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Position: Wave ((C)).
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Next direction (Higher degree): Wave Z.
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Invalidation level: Not specified.
Uniswap /US Dollar (UNIUSD) – Trading strategy
The Elliott Wave pattern indicates the W–X–Y–X–Z corrective phase is likely complete. This suggests a possible price reversal after forming the final wave "Z" and the earlier triangle “e” wave. UNIUSD fell sharply from a high of $19.46 and found support in the $4 to $5 range, which may now represent a bottom.
Trading strategies
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Strategy
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Swing trade (Short-term)
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Look for a breakout with volume or confirmation above the $6.50 to $7.00 range.
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Risk management
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Place a stop-loss below the $4.70 support level for tighter risk control.
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UNI/USD Elliott Wave technical analysis
-
Function: Counter-Trend.
-
Mode: Corrective.
-
Structure: Zigzag.
-
Position: Wave ((C)).
-
Next direction (Higher degree): Wave Z.
-
Invalidation level: Not specified.
Uniswap/US Dollar (UNIUSD) – Trading strategy
The H4 chart supports the idea that the W–X–Y–X–Z correction has ended. There’s a potential bullish turn as the market reacts from the last wave "Z" and triangle “e” formation. The price previously dropped from $19.46 to the $4–$5 support zone, which might now be forming a solid bottom.
Trading strategies
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Strategy
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Swing trade (Short-term)
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Seek breakout confirmation or volume increase around $6.50–$7.00.
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-
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Risk management
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Tight stop-loss below $4.70 to manage downside risk.
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Analyst: Kittiampon Somboonsod, CEWA.
UNI/USD Elliott Wave technical analysis [Video]
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