UNIUSD Elliott Wave Technical Analysis February 24 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 is likely to complete a reversal in Wave II, a rebound from the MA200 and a 5-wave rise from the 4.946 level reinforces this idea. This causes the price to trend towards wave III, and Wave III is usually equal to 1.618 times the length of wave I of 15.37.
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
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 is likely to complete a reversal in Wave II, a rebound from the MA200 and a 5-wave rise from the 4.946 level reinforces this idea. This causes the price to trend towards wave III, and Wave III is usually equal to 1.618 times the length of wave I of 15.37.
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
