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Uniswap Elliott Wave technical analysis [Video]

Uniswap Elliott Wave technical analysis [Video]
Peter MathersPeter MathersTradingLounge

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.

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/ 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

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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