Uniswap (UNIUSD) Elliott Wave Technical Analysis 18 October 2022

[tradinglounge]

Uniswap (UNIUSD)

UNIUSD Elliott Wave Technical Analysis

Function: Follow trend

Mode: Motive

Structure: Impulse

Position: Wave (3)

Direction Next higher Degrees: wave ((3)) of Motive

Details: the rise of the third wave tends to be greater than 1.618 x the first wave at 8.49.

Wave Cancel invalid Level: 5.388

Uniswap (UNIUSD)Trading Strategy: The price tends to trade above the 9.817 level, but

even so, be aware of the resistance at the MA200 line, if it fails to pass, the price may drop

again.

Uniswap (UNIUSD)Technical Indicators: MACD Histogram and MACD above zero line

bullish momentum, Price below MA200 MA50O bearish trend.

Tradingelounge analyst : Kittiampon Somboonsod

 

 

 

 

Uniswap (UNIUSD)

UNIUSD Elliott Wave Technical Analysis

Function: Follow trend

Mode: Motive

Structure: Impulse

Position: Wave (3)

Direction Next higher Degrees: wave ((3)) of Motive

Details: the rise of the third wave tends to be greater than 1.618 x the first wave at 8.49.

Wave Cancel invalid Level: 5.388

Uniswap (UNIUSD)Trading Strategy: The price tends to trade above the 7.079 level, and

the third wave tends to be greater than 1.618 x the first wave at 8.49. This could be an

opportunity to open a long position.

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

has hidden bullish divergence, The price has a chance to reverse an uptrend.