UNI/USD Elliott Wave technical analysis
Function: Follow trend.
Mode: Motive.
Structure: Impulse.
Position: Wave (2).
Direction next higher degrees: wave (2) of Impulse.
Details: wave 2 is likely to end and price is rising again in wave 3.
Uniswap/ U.S. dollar (UNI/USD) 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, and we are looking for a re-entry into the trend.
Uniswap/ U.S. dollar (UNI/USD) Technical Indicators: The price is above the MA200 indicating an uptrend, The Wave Oscillator is a Bullish Momentum.
UNI/USD Elliott Wave technical analysis
Function: Counter trend.
Mode: Corrective.
Structure: Flat.
Position: Wave (C).
Direction next higher degrees: Wave (2) of Impulse.
Details: wave 2 is likely to end and price is rising again in wave 3.
Uniswap/ U.S. dollar (UNI/USD) 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, and we are looking for a re-entry into the trend.
Uniswap/ U.S. dollar (UNI/USD) Technical Indicators: The price is above the MA200 indicating an uptrend, The Wave Oscillator is a Bullish Momentum.
Uniswap Elliott Wave technical analysis [Video]
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