{"id":196688,"date":"2023-11-20T04:59:39","date_gmt":"2023-11-19T23:29:39","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=196688"},"modified":"2023-11-20T04:59:39","modified_gmt":"2023-11-19T23:29:39","slug":"unilever-heading-for-a-thrust-out-of-bullish-triangle-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/unilever-heading-for-a-thrust-out-of-bullish-triangle-crypto-news\/","title":{"rendered":"Unilever heading for a thrust out of bullish triangle – Crypto News"},"content":{"rendered":"

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Unilever is a multinational consumer goods corporation. Unilever products include food, condiments, ice cream, coffee, cleaning agents, pet food, beauty products, personal care and more. Founded 1919 by the merger of the Dutch\u00a0margarine producer\u00a0Margarine Unie and the British\u00a0soapmaker\u00a0Lever Brothers, it is headquartered in London, UK.\u00a0 Unilever is a part of FTSE 100, AEX and Eurostoxx 50 indices. Investors can trade it under the tickers $ULVR at LSE, $UNA at Euronext Amsterdam and under $UL at NYSE. Corporation Unilever owns over 400 brands. Among them, the trademarks like Dove, Omo\/Persil, Knorr, Lipton, Magnum, Rexona\/Degree and others. The company products are present in 190 countries.<\/p>\n

The stock price of Unilever is in a permanent rally from the all-time lows. From march 2020 bottom, one can see a new cycle higher. This might be the final push higher within the larger cycle. Once ended, Unilever should pull back against the all-time lows which will provide again an opportunity to join the success story of Unilever stock price action.<\/p>\n

In the\u00a0initial article from October 2021, we have provided with an area where investors can join the rally. As a matter of fact, the price made a dip into 40.36-38.42 area and reacted higher. In the\u00a0last article from February 2023, we have explained that short term pullbacks should find support in 3, 7 swings. Now, we recognize the overall structure as a bullish triangle. Once ended, a thrust higher should take place.<\/p>\n

Unilever monthly Elliott Wave analysis 11.14.2023<\/h2>\n

The monthly chart<\/a> below shows the Unilever shares $UNA traded at Euronext Amsterdam. From the all-time lows, the stock price is within the larger impulse as wave ((I)). Hereby, Unilever has finished the waves (I)-(III) by printing the all-time high on September 2019 at 57.77. Within the impulsive advance in wave (III), the internals I and III are impulsive waves, too. From the September 2019 highs,\u00a0a correction lower in wave (IV) is unfolding as a bullish\u00a0triangle\u00a0being 3-3-3-3-3 structure. Once ended, expect thrust higher in blue wave (V).\u00a0 The target for wave (V) is 62.33-69.72 area.<\/p>\n

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Unilever weekly Elliott Wave analysis 11.14.2023<\/h2>\n

The weekly chart below shows the $UNA shares price action in more detail. In particular, it demonstrates the converging price action within a blullish triangle. Firstly, 3 swings lower of red wave a have ended on March 2020 at 38.42 lows. Secondly, a bounce in 3 swings of red wave b have set a lower high in December 2020 at 53.66. Thirdly, 7 swings (= 3 swings) of red wave c have printed a higher low in March 2022 at 39.36. Fourthly, 7 swings of red wave d have accomplished in April 2023 at 50.93 lower peak. Finally, red wave e is unfolding in another 7 swings and should find support above 39.36 lows. Then, blue wave (IV) should end and a rally towards new all-time highs should take place.<\/p>\n

Investors and traders can be looking to buy $UNA in 7 swings\u00a0against 39.36 lows targeting 62.33-69.72 area and even higher in the medium-term.<\/p>\n

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Share: Unilever is a multinational consumer goods corporation. Unilever products include food, condiments, ice cream, coffee, cleaning agents, pet food, beauty products, personal care and more. Founded 1919 by the merger of the Dutch\u00a0margarine producer\u00a0Margarine Unie and the British\u00a0soapmaker\u00a0Lever Brothers, it is headquartered in London, UK.\u00a0 Unilever is a part of FTSE 100, AEX and […]<\/p>\n","protected":false},"author":2,"featured_media":169714,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,605,246,257,800,307,255,250,252,247,253,249,308,256,254],"class_list":["post-196688","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-chartpatterns","tag-coin","tag-cryptocurrency","tag-elliottwave","tag-equities","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-technical-analysis","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/196688","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=196688"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/196688\/revisions"}],"predecessor-version":[{"id":196690,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/196688\/revisions\/196690"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/169714"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=196688"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=196688"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=196688"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}