Uniswap Elliott Wave technical analysis [Video]

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 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

• Strategy

  • Swing trade (Short-term)

    • Look for a breakout with volume or confirmation above the $6.50 to $7.00 range.

• Risk management

  • Place a stop-loss below the $4.70 support level for tighter risk control.

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

• Strategy

  • Swing trade (Short-term)

    • Seek breakout confirmation or volume increase around $6.50–$7.00.

• Risk management

  • Tight stop-loss below $4.70 to manage downside risk.

Analyst: Kittiampon Somboonsod, CEWA.

UNI/USD Elliott Wave technical analysis [Video]