Elliott Wave Technical Analysis: Uniswap Crypto Price News For Thursday, Oct 24

Image Source: Elliott 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:
The correction in wave ((2)) seems to be over so we focus on the five-wave rally of wave 3. The price action remains in an uptrend, and we are looking for a re-entry into the trend.Uniswap/ U.S. dollar(UNIUSD)Technical Indicators:
The price is above the MA200 indicating an uptrend. The Wave Oscillator is a Bullish Momentum.
Elliott Wave Analysis TradingLounge 4hr 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 3Uniswap/ U.S. dollar(UNIUSD)Trading Strategy:
The correction in wave ((2)) seems to be over so we focus on the five-wave rally of wave 3. The price action remains in an uptrend, and we are looking for a re-entry into the trend.Uniswap/ U.S. dollar(UNIUSD)Technical Indicators:
The price is above the MA200 indicating an uptrend. The Wave Oscillator is a Bullish Momentum.Technical Analyst: Kittiampon SomboonsodSource: Tradinglounge.com More By This Author: