Elliott Wave Analysis TradingLounge Daily Chart,
UNI/USD Elliott Wave technical analysis
Function: Counter trend.
Mode: Counter.
Structure: Double Corrective.
Position: Wave (Y).
Direction next higher degrees: Wave ((E)) of Impulse.
Details: Movement within the Triangle pattern May is complete and the price increase again.
Uniswap / U.S. dollar (UNIUSD) Trading Strategy:It looks like the wave (2) correction is complete and the price is still likely to move up. Look for an opportunity to join the wave (3) uptrend.
Uniswap / U.S. dollar (UNIUSD) Technical Indicators: The price is above the MA200 indicating an uptrend, The Wave Oscillator is a Bearish Momentum.
Elliott Wave Analysis TradingLounge four-hour chart.
UNI/USD Elliott Wave technical analysis
Function: Follow trend.
Mode: Motive.
Structure: Impulse.
Position: Wave ((3)).
Direction Next higher Degrees: Wave ((3)) of Impulse.
Details: Wave 2 May is complete and the price increase again in Wave 3.
Uniswap/U.S. dollar (UNIUSD) Trading Strategy: It looks like the wave (2) correction is complete and the price is still likely to move up. Look for an opportunity to join the wave (3) uptrend.
Uniswap /U.S. dollar (UNIUSD) Technical Indicators: The price is above the MA200 indicating an uptrend, The Wave Oscillator is a Bearish Momentum.
Uniswap Elliott Wave technical analysis [Video]
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