Ethereum (UNIUSD) Elliottwave technical analysis

[tradinglounge]

Elliott Wave Analysis TradingLounge 3-Daily Chart, 10 August 2022, Uniswap(UNIUSD)
UNIUSD Elliott Wave Technical Analysis
Mode: Motive
Structure: Impulse
Position: Wave V
Direction Next higher Degrees :
Details: Wave V may have finished and from this point, It may be until the start of a new
uptrend.
Wave Cancel invalid Level :
Uniswap(UNIUSD) Trading Strategy: Prices have moved up quite a lot from the lows of the year.
It might be a bad idea to enter a buy position right now. Therefore, we should look for
opportunities to consolidate the trend from the reversal of the wave ((2)).
Uniswap(UNIUSD)Indicators: The RSI is entering the Overbought level.
TradingLounge Analyst: Kittiampon Somboonsod

 

 

 

Elliott Wave Analysis TradingLounge 4H Chart, 10 August 2022, Uniswap(UNIUSD)
UNIUSD Elliott Wave Technical Analysis
Mode: Motive
Structure: Impulse
Position: Wave ((2))
Direction Next higher Degrees:
Details: reduction in wave ((2)) before are rising again in wave ((3)) Wave Cancel invalid
Level :
Uniswap(UNIUSD)Trading Strategy: The price structure in Impulsive expands into five waves.
Complete in wave ((1)) and decrease in wave ((2)). We should look for opportunities to
consolidate the trend from wave reversals. ((2)) with key support at 6.261 - 4.603
respectively
Uniswap(UNIUSD) Technical Indicators: RSI(14) is entering the oversold zone.
TradingLounge Analyst: Kittiampon Somboonsod