Uniswap (UNIUSD) Elliott Wave Technical Analysis 12 September 2022

[tradinglounge]

Elliott Wave Analysis TradingLounge Daily Chart, 12 September 2022, Uniswap (UNIUSD)
UNIUSD Elliott Wave Technical Analysis
Function: Follow trend
Mode: Motive
Structure: Impulse
Position: Wave ((3))
Direction Next higher Degrees:
Details: Reverse in structure, wave 2 in motive before rising again in wave 3, all is a sub-waves of wave 3 are one degree larger.

Wave Cancel invalid Level: 5.716
Uniswap (UNIUSD) Trading Strategy: Bul 's attempt to push prices higher A break through the key resistance level at MA200 line could be an opportunity to open a long position. But wait the price throwback in wave 2 and must not reverse below 5.716
Uniswap (UNIUSD) Technical Indicators: MACD Histogram has a Bul ish divergence and MACD has a Hidden Bul ish divergence, the price has an opportunity reversal.

TradingLounge Analyst: Kittiampon Somboonsod

 

 

 

Elliott Wave Analysis TradingLounge 4H Chart, 12 September 2022, Uniswap (UNIUSD)
UNIUSD Elliott Wave Technical Analysis
Function: Follow trend
Mode: Motive
Structure: Impulse
Position: Wave ((3))
Direction Next higher Degrees:
Details: Reverse in structure, wave 2 in motive before rising again in wave 3, all is a sub-waves of wave 3 are one degree larger.

Wave Cancel invalid Level: 5.716
Uniswap (UNIUSD) Trading Strategy: Bul 's attempt to push prices higher A break through the key resistance level at MA200 line could be an opportunity to open a long position. But wait the price throwback in wave 2 and must not reverse below 5.716
Uniswap (UNIUSD) Technical Indicators: MACD Histogram has a Hidden Bul ish divergence and MACD has a Bul ish divergence, the price has an opportunity reversal.