Uniswap (UNIUSD) Elliott Wave Technical Analysis 10 October 2022

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Elliott Wave Analysis TradingLounge Daily Chart, 10 October 2022,

Uniswap (UNIUSD)

UNIUSD Elliott Wave Technical Analysis

Function: Counter trend

Mode: Corrective

Structure: Zigzag

Position: Wave B

Direction Next higher Degrees: wave ((2)) of Motive

Details: Price tends to trade throwback in wave 2, before rising again, but must not below

5.150

Wave Cancel invalid Level: 5.150

Uniswap (UNIUSD) Trading Strategy: Price tested resistance at the 200 MA line, but failed

to pass it tends to reverse again in the second wave before rising in the third wave. Wait for

another opportunity to join the trend once the second wave is finished.

Uniswap (UNIUSD) Technical Indicators: MACD Histogram has a bearish divergence,

short-term price trend a reversal.

Tradinglounge Analyst Kittiampon Somboonsod

 

 

 

 

Uniswap (UNIUSD)

UNIUSD Elliott Wave Technical Analysis

Function: Counter trend

Mode: Corrective

Structure: Zigzag

Position: Wave B

Direction Next higher Degrees: wave ((2)) of Motive

Details: Price tends to trade throwback in wave 2, before rising again, but must not below

5.150

Wave Cancel invalid Level: 5.150

Uniswap (UNIUSD) Trading Strategy: Price tends to test support at the 200 MA line to

reverse again in the second wave before rising in the third wave. Wait for another chance to

join the trend once the second wave is finished.

Uniswap (UNIUSD) Technical Indicators: MACD and MACD Histogram has a bearish

divergence, short-term price trend a reversal.