In my view, Uniswap is currently in a prolonged accumulation phase on the larger scale. The level at $3.37 serves as our support line and a crucial level for the overarching Wave II.
Upon closer inspection, let's focus on two decisive images. On the second image, we confirm that Wave (2) is validated by an A-B-C ZigZag correction. Subsequently, Wave 1 and 2 have already been formed.
I anticipate that we haven't surpassed Wave 1 yet. Instead, we are likely forming a Wave iv and possibly gearing up for a leading Wave v, which will then shape Wave 3. 📊✨
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