Uniswap Elliott Wave technical analysis [Video]
|Uniswap/ U.S. dollar(UNIUSD).
UNI/USD Elliott Wave technical analysis
Function: Counter trend.
Mode: Corrective.
Structure: Double Corrective.
Position: Wave (Y).
Direction next higher degrees: Wave ((4)).
Wave cancel invalid level:
Uniswap/ U.S. dollar(UNIUSD)Trading Strategy:
UNI/USD is likely to rebound into wave (5) with key targets at $15.82 - $19.00. Investors should closely monitor price action around the resistance levels in the Channel range to capture buying opportunities at the start of the wave.
Trading strategies
* Buy Strategy (Long Position):
* Buy when the price is still in the range of $10.50 - $11.50 with a stop loss at $9.31
* Set a profit target at $15.82 and $19.00
* Risk Management:
* If the price breaks 10.281, it will confirm that wave (4) has been violated and the trend will change to down.
Uniswap/ U.S. dollar(UNIUSD)
UNI/USD Elliott Wave technical analysis
Function: Counter trend.
Mode: Corrective.
Structure: Double Corrective.
Position: Wave (Y).
Direction Next higher Degrees: Wave ((4)).
Wave cancel invalid level:
Uniswap/ U.S. dollar(UNIUSD).
UNI/USD is likely to rebound into wave (5) with key targets at $15.82 - $19.00. Investors should closely monitor price action around the resistance levels in the Channel range to capture buying opportunities at the start of the wave.
Uniswap/ U.S. dollar(UNIUSD)Trading Strategy:
UNI/USD is likely to rebound into wave (5) with key targets at $15.82 - $19.00. Investors should closely monitor price action around the resistance levels in the Channel range to capture buying opportunities at the start of the wave.
Trading strategies
* Buy Strategy (Long Position):
* Buy when the price is still in the range of $10.50 - $11.50 with a stop loss at $9.31
* Set a profit target at $15.82 and $19.00
* Risk Management:
* If the price breaks 10.281, it will confirm that wave (4) has been violated and the trend will change to down.
Technical analyst: Kittiampon Somboonsod.
UNI/USD Elliott Wave technical analysis [Video]
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