Uniswap Elliott Wave technical analysis [Video]
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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/ US Dollar (UNIUSD) Trading Strategy: The correction in wave ((2)) seems to be over so we focus on the five-wave rally of wave 3 and The price action remains in an uptrend, and we are looking for a re-entry into the trend.
Uniswap/ US Dollar (UNIUSD) Technical Indicators: The price is above the MA200 indicating an uptrend, The Wave Oscillator is a Bullish Momentum.
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/ US Dollar (UNIUSD)Trading Strategy: The correction in wave ((2)) seems to be over so we focus on the five-wave rally of wave 3 and The price action remains in an uptrend, and we are looking for a re-entry into the trend.
Uniswap/ US Dollar (UNIUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, The Wave Oscillator is a Bullish Momentum.
Uniswap Elliott Wave technical analysis [Video]
Author
Peter Mathers
TradingLounge
Peter Mathers started actively trading in 1982. He began his career at Hoei and Shoin, a Japanese futures trading company.
