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Uniswap Elliott Wave technical analysis [Video]

Elliott Wave Analysis TradingLounge Daily Chart,

UNI/USD Elliott Wave technical analysis

Function: Counter trend.

Mode: Counter.

Structure: Double Corrective.

Position: Wave (Y).

Direction next higher degrees: Wave ((E)) of Impulse.

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 four-hour chart.

UNI/USD Elliott Wave technical analysis

Function: Follow trend.

Mode: Motive.

Structure: Impulse.

Position: Wave ((3)).

Direction Next higher Degrees: Wave ((3)) of Impulse.

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.

Uniswap Elliott Wave technical analysis [Video]

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