UniSwap Is Finally Waking Up after almost two-year accumulation from technical perspective and by Elliott wave theory.
UniSwap with ticker UNIUSD is finally waking up after almost two-year accumulation. We have actually spotted the bottom already back in June of 2022, where we mentioned and highlighted final 5th wave of (C) of a larger (A)-(B)-(C) corrective decline.
6 months later on January 24 of 2023, we warned about a minimum three-wave (A)/(1)-(B)/(2)-(C)/(3) recovery, so we expected more upside for wave (C) or (3) after wave (B)/(2) correction.
As you can see today after more than a year, UNIUSD is finally waking up on Proposal to Upgrade Governance. It’s now making a bigger recovery within projected wave (C) or (3) and there can be room for more gains, because we need to see a completed five-wave cycle of the lower degree.
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