Image Source: PixabayElliott Wave Analysis TradingLounge Daily ChartUniswap / U.S. dollar(UNIUSD)UNIUSD Elliott Wave Technical AnalysisFunction: Counter trendMode: CounterStructure: Double CorrectivePosition: Wave (Y)Direction Next higher Degrees: wave ((E)) of ImpulseWave Cancel invalid Level: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 H4 ChartUniswap / U.S. dollar(UNIUSD)UNIUSD Elliott Wave Technical AnalysisFunction: Follow trendMode: MotiveStructure: ImpulsePosition: Wave ((3))Direction Next higher Degrees: wave ((3)) of ImpulseWave Cancel invalid Level: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.Technical Analyst: Kittiampon SomboonsodSource: Tradinglounge.com
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