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Uniswap / U.S. dollar(UNIUSD) Elliott Wave Technical Analysis 21 January 24


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Elliott Wave Analysis TradingLounge Daily Chart, 21 January 24,

Uniswap / U.S. dollar(UNIUSD)

UNIUSD Elliott Wave Technical Analysis

Function: Counter trend

Mode: Corrective

Structure: Zigzag

Position: Wave (A)

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

Wave Cancel invalid Level: 4.50

Details: After Leading Diagonal complete the Price usually retest 78.6% of Leading Diagonal

Uniswap / U.S. dollar(UNIUSD)Trading Strategy: Uniswap's rise appears to have ended at the 8.4288 level, which was a five-wave Impulse rally in Wave 1. Therefore, the next price structure is a Wave 2 correction pattern with a retracement level of 78.6% Wave 1, so wait for Wave 2 to complete for an opportunity to rejoin the uptrend.

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

 

 

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Elliott Wave Analysis TradingLounge 4H Chart, 21 January 20.24,

Uniswap / U.S. dollar(UNIUSD)

UNIUSD Elliott Wave Technical Analysis

Function: Counter trend

Mode: Corrective

Structure: Zigzag

Position: Wave (A)

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

Wave Cancel invalid Level: 4.50

Details: We missed two more moves. Wave A is complete. Befor Pullback in Wave B

Uniswap / U.S. dollar(UNIUSD)Trading Strategy: Uniswap's rise appears to have ended at the 8.4288 level, which was a five-wave Impulse rally in Wave 1. Therefore, the next price structure is a Wave 2 correction pattern with a retracement level of 78.6% Wave 1, so wait for Wave 2 to complete for an opportunity to rejoin the uptrend.

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

 

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