The action of a wave (III) in the form of an impulse that is often extended. It is likely to go up to test the 66410.307 level, so overall Uniswap is still in an uptrend. and may continue to increase.

Bitcoin/ U.S. dollar(BTCUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, Wave Oscillators a bullish Momentum.

TradingLounge Analyst: Kittiampon Somboonsod, CEWA.

Elliott Wave Analysis TradingLounge 4Hr Chart, 29 February 24,

Uniswap/ U.S. dollar(UNIUSD).

BTC/USD Elliott Wave technical analysis

Function: Follow Trend.

Mode: Motive.

Structure: Impulse.

Position: Wave III.

Direction Next higher Degrees: Wave (III).

Wave Cancel invalid level: 31046.25.

Bitcoin/U.S. dollar(BTCUSD)Trading Strategy:

Bitcoin/U.S. dollar(BTCUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, Wave Oscillators a bullish Momentum.

Author

Peter Mathers

TradingLounge

Peter Mathers started actively trading in 1982. He began his career at Hoei and Shoin, a Japanese futures trading company.

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