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Uniswap Elliott Wave technical analysis [Video]

Uniswap Elliott Wave technical analysis [Video]
Peter MathersPeter MathersTradingLounge

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 Triangle.

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 ((E)) correction is complete and the price is still likely to move up. Look for an opportunity to join the uptrend.

Uniswap/ U.S. dollar(UNIUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, The Wave Oscillator is a Bearish Momentum.

Chart

Elliott Wave Analysis TradingLounge H4 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.

UNIUSD

Uniswap Elliott Wave technical analysis [Video]

Author

Peter Mathers

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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