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Uniswap/U.S.dollar(UNIUSD) Elliott Wave Technical Analysis 28 February 23


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Elliott Wave Analysis TradingLounge Daily Chart, 28 February 23,  

Uniswap/U.S.dollar(UNIUSD)

UNIUSD Elliott Wave Technical Analysis

Function: Counter trend

Mode: Corrective

Structure: Flat

Position: Wave C

Direction Next higher Degrees: wave (I) of Impulse

Details: Retracement of wave ((2)) usually .50 or .618 x Length wave ((1))

Wave Cancel invalid Level: 4.9475

Uniswap/U.S.dollar(UNIUSD)Trading Strategy: Uniswap remains in a correction in wave ((2)) before rallying again in wave ((3)). Retracement of wave ((2)) usually .50 or .618 x. Length wave ((1)) at the level of 5.9505, wait for wave ((2)) to complete to join the trend again.

Uniswap/U.S.dollar(UNIUSD)Technical Indicators: The price is below the MA200 indicating a Downtrend. The wave oscillators below Zero-Line momentum are Bearish.

TradingLounge Analyst: Kittiampon Somboonsod

 

UNIday.thumb.png.0867f04b172b3d50aef38de7066a89a3.png

 

Elliott Wave Analysis TradingLounge 4H Chart, 28 February 23,  

Uniswap/U.S.dollar(UNIUSD)

UNIUSD Elliott Wave Technical Analysis

Function: Counter trend    

Mode: Corrective

Structure: Flat

Position: Wave C

Direction Next higher Degrees: wave (I) of Impulse

Details: Retracement of wave ((2)) usually .50 or .618 x Length wave ((1))

Wave Cancel invalid Level: 4.9475

Uniswap/U.S.dollar(UNIUSD)Trading Strategy: Uniswap remains in a correction in wave ((2)) before rallying again in wave ((3)). Retracement of wave ((2)) usually .50 or .618 x. Length wave ((1)) at the level of 5.9505, wait for wave ((2)) to complete to join the trend again.

Uniswap/U.S.dollar(UNIUSD)Technical Indicators: The price is below the MA200 indicating a Downtrend. The wave oscillators below Zero-Line momentum are Bearish.

UNIH4.thumb.png.8edfe4daae6c1c9a5fc0c1f51c59a62f.png

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