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Uniswap Elliott Wave technical analysis [Video]

Uniswap Elliott Wave technical analysis [Video]
Peter MathersPeter MathersTradingLounge

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

UNIUSD

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

UNIUSD

Uniswap Elliott Wave technical analysis [Video]

Author

Peter Mathers

Peter Mathers

TradingLounge

Peter Mathers started actively trading in 1982. He began his career at Hoei and Shoin, a Japanese futures trading company.

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