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 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 below the MA200 indicating a downtrend, The Wave Oscillator is a Bearish Momentum.
UNI/USD 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 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 below the MA200 indicating a downtrend, The Wave Oscillator is a Bearish Momentum.
UNI/USD four-hour chart
Uniswap Elliott Wave technical analysis [Video]
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