Image Source: PexelsUniswap/ U.S. dollar(UNIUSD)UNIUSD Elliott Wave Technical AnalysisFunction: Counter trendMode: CorrectiveStructure: Double CorrectivePosition: Wave (Y)Direction Next higher Degrees: wave ((4)) Wave Cancel invalid Level:Uniswap/ U.S. dollar(UNIUSD)Trading Strategy:UNI/USD is likely to rebound into wave (5) with key targets at $15.82 – $19.00. Investors should closely monitor price action around the resistance levels in the Channel range to capture buying opportunities at the start of the wave.Trading strategies* Buy Strategy (Long Position): * Buy when the price is still in the range of $10.50 – $11.50 with a stop loss at $9.31 * Set a profit target at $15.82 and $19.00* Risk Management: * If the price breaks 10.281, it will confirm that wave (4) has been violated and the trend will change to down.
Uniswap/ U.S. dollar(UNIUSD)UNIUSD Elliott Wave Technical AnalysisFunction: Counter trendMode: CorrectiveStructure: Double CorrectivePosition: Wave (Y)Direction Next higher Degrees: wave ((4)) Wave Cancel invalid Level:Uniswap/ U.S. dollar(UNIUSD)UNI/USD is likely to rebound into wave (5) with key targets at $15.82 – $19.00. Investors should closely monitor price action around the resistance levels in the Channel range to capture buying opportunities at the start of the wave.Uniswap/ U.S. dollar(UNIUSD)Trading Strategy:UNI/USD is likely to rebound into wave (5) with key targets at $15.82 – $19.00. Investors should closely monitor price action around the resistance levels in the Channel range to capture buying opportunities at the start of the wave.Trading strategies* Buy Strategy (Long Position): * Buy when the price is still in the range of $10.50 – $11.50 with a stop loss at $9.31 * Set a profit target at $15.82 and $19.00* Risk Management: * If the price breaks 10.281, it will confirm that wave (4) has been violated and the trend will change to down.
Technical Analyst: Kittiampon SomboonsodSource: Tradinglounge.comMore By This Author:Rading Strategies, S&P 500, Nasdaq 100, DAX 40, FTSE 100, ASX 200
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