Image Source: Elliott Wave Analysis TradingLounge Daily ChartUniswap/ U.S. dollar(UNIUSD)UNIUSD Elliott Wave Technical AnalysisFunction: Follow trendMode: MotiveStructure: ImpulsePosition: Wave (2)Direction Next higher Degrees: wave (2) of ImpulseWave Cancel invalid Level:Details: wave 2 is likely to end and price is rising 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 2 and the price action remains in an uptrend. 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: Counter trendMode: CorrectiveStructure: FlatPosition: Wave (C)Direction Next higher Degrees: wave (2) of ImpulseWave Cancel invalid Level: Details: wave 2 is likely to end and price is rising again in wave 3Uniswap/ U.S. dollar(UNIUSD)Trading Strategy:
The correction in wave 2I seems to be over so we focus on the five-wave rally of wave 3 and the price action remains in an uptrend. 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.comMore By This Author:
Elliott Wave Technical Analysis: Uniswap Crypto Price News For Friday, Nov 8
