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Uniswap / U.S. dollar(UNIUSD) Elliott Wave Technical Analysis 18 December 23


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Elliott Wave Analysis TradingLounge Daily Chart, 18 December 23,

Uniswap / U.S. dollar(UNIUSD)

UNIUSD Elliott Wave Technical Analysis

Function: Counter trend

Mode: Corrective

Structure:

Position: Wave (2)

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

Wave Cancel invalid Level: 4.50

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

Uniswap / U.S. dollar(UNIUSD)Trading Strategy:The wave 1 increase appears to have ended at the 7.54 level, so when the five-wave increase was completed, It will be followed by a correction in a three-wave pattern. We therefore predict a retracement of Wave 2 at the level of 50-61.8% of Wave 1, where the price will return to the main trend again.

Uniswap / U.S. dollar(UNIUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, Wave Oscillators a Bullish Momentum.

TradingLounge Analyst: Kittiampon Somboonsod, CEWA

 

f9e9dc58ea1191dd097a165ad8eacbc8

 

 

 

Elliott Wave Analysis TradingLounge 4H Chart, 18 December 23,

Uniswap / U.S. dollar(UNIUSD)

UNIUSD Elliott Wave Technical Analysis

Function: Counter trend

Mode: Corrective

Structure:

Position: Wave (2)

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

Wave Cancel invalid Level: 4.50

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

Uniswap / U.S. dollar(UNIUSD)Trading Strategy:The wave 1 increase appears to have ended at the 7.54 level, so when the five-wave increase was completed, It will be followed by a correction in a three-wave pattern. We therefore predict a retracement of Wave 2 at the level of 50-61.8% of Wave 1, where the price will return to the main trend again.

Uniswap / U.S. dollar(UNIUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, Wave Oscillators a Bullish Momentum.

 

2e7f186297b66c48c8ccefb4aa2fd0fd

 

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On 18/12/2023 at 10:16, tradinglounge said:

Elliott Wave Analysis TradingLounge Daily Chart, 18 December 23,

Uniswap / U.S. dollar(UNIUSD)

UNIUSD Elliott Wave Technical Analysis

Function: Counter trend

Mode: Corrective

Structure:

Position: Wave (2)

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

Wave Cancel invalid Level: 4.50

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

Uniswap / U.S. dollar(UNIUSD)Trading Strategy:The wave 1 increase appears to have ended at the 7.54 level, so when the five-wave increase was completed, It will be followed by a correction in a three-wave pattern. We therefore predict a retracement of Wave 2 at the level of 50-61.8% of Wave 1, where the price will return to the main trend again.

Uniswap / U.S. dollar(UNIUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, Wave Oscillators a Bullish Momentum.

TradingLounge Analyst: Kittiampon Somboonsod, CEWA

 

f9e9dc58ea1191dd097a165ad8eacbc8

 

 

 

Elliott Wave Analysis TradingLounge 4H Chart, 18 December 23,

Uniswap / U.S. dollar(UNIUSD)

UNIUSD Elliott Wave Technical Analysis

Function: Counter trend

Mode: Corrective

Structure:

Position: Wave (2)

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

Wave Cancel invalid Level: 4.50

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

Uniswap / U.S. dollar(UNIUSD)Trading Strategy:The wave 1 increase appears to have ended at the 7.54 level, so when the five-wave increase was completed, It will be followed by a correction in a three-wave pattern. We therefore predict a retracement of Wave 2 at the level of 50-61.8% of Wave 1, where the price will return to the main trend again.

Uniswap / U.S. dollar(UNIUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, Wave Oscillators a Bullish Momentum.

 

2e7f186297b66c48c8ccefb4aa2fd0fd

 

A sweet short-long lev game with uni 😑

IMG_20231221_091026.jpg

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