UNIUSD Elliott Wave Technical Analysis February 16 2023
4Hour
Uniswap / U.S.dollar(UNIUSD)
UNIUSD Elliott Wave Technical Analysis
Function: Follow trend
Mode: Motive
Structure: Impulse
Position: Wave ((3))
Direction Next higher Degrees: wave III of Impulse
Details: Sub-wave of wave ((3)), the price trend trade above 7.518
Wave Cancel invalid Level: 6.094
Uniswap / U.S.dollar(UNIUSD) Trading Strategy: Uniswap has recovered from the MA200 line, making it more likely that wave ((2)) will complete. And the price is trending higher in waves ((3)), which could lead to the level of 15.371.
Uniswap / U.S.dollar(UNIUSD) Technical Indicators: The price is above the MA200 indicating an UpTrend. The wave oscillators above Zero-Line momentum are bullish
Daily
Uniswap / U.S.dollar(UNIUSD)
UNIUSD Elliott Wave Technical Analysis
Function: Follow trend
Mode: Motive
Structure: Impulse
Position: Wave III
Direction Next higher Degrees: wave (I) of Impulse
Details: Wave 3 is equal to 1.618 multiplied Length of wave 1 at 15.371
Wave Cancel invalid Level: 6.094
Uniswap / U.S.dollar(UNIUSD) Trading Strategy: Uniswap has recovered from the MA200 line, making it more likely that wave ((2)) will complete. And the price is trending higher in waves ((3)), which could lead to the level of 15.371.
Uniswap / U.S.dollar(UNIUSD)Technical Indicators: The price is above the MA200 indicating an UpTrend. The wave oscillators Below Zero-Line momentum are bearish
