Image Source: Elliott Wave Analysis TradingLounge Daily ChartUniswap/ U.S. dollar(UNIUSD)UNIUSD Elliott Wave Technical AnalysisFunction: Counter trend Mode: CounterStructure: Double CorrectivePosition: Wave (Y)Direction Next higher Degrees: wave ((E)) of TriangleWave 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 ((E)) correction is complete and the price is still likely to move up. Look for an opportunity to join the 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 trend Mode: 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:
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 More By This Author:
Elliott Wave Technical Analysis: Uniswap Crypto Price News For Thursday, Sept 26
