Elliott Wave Analysis TradingLounge Daily Chart, 17 November 23,
Ethereum/ U.S. dollar(ETHUSD)
ETHUSD Elliott Wave Technical Analysis
Function: Follow Trend
Mode: Motive
Structure: Impulse
Position: Wave 1
Direction Next higher Degrees: wave (1) of Impulse
Wave Cancel invalid level:
Details: Wave 1 may have ended and prices are entering. Correction in Wave 2
Ethereum/ U.S. dollar(ETHUSD)Trading Strategy: The rise in wave(1) appears to have ended at the level of 2136.53 and the price is entering a period of correction in wave(2), where Retracement of wave (2)usually .50 or .618 x Length. wave (1) Therefore, Ethereum's outlook remains bullish. The retracement is only a short term rally to continue the wave (3).
Ethereum/ U.S. dollar(ETHUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, RSI is a Bullish Momentum.
TradingLounge Analyst: Kittiampon Somboonsod, CEWA
Source : Tradinglounge.com get trial here!
Elliott Wave Analysis TradingLounge 4H Chart, 17 November 23,
Ethereum/ U.S. dollar(ETHUSD)
ETHUSD Elliott Wave Technical Analysis
Function: Follow Trend
Mode: Motive
Structure: Impulse
Position: Wave 1
Direction Next higher Degrees: wave (1) of Impulse
Wave Cancel invalid level:
Details: Wave 1 may have ended and prices are entering. Correction in Wave 2
Ethereum/ U.S. dollar(ETHUSD)Trading Strategy: The rise in wave(1) appears to have ended at the level of 2136.53 and the price is entering a period of correction in wave(2), where Retracement of wave (2)usually .50 or .618 x Length. wave (1) Therefore, Ethereum's outlook remains bullish. The retracement is only a short term rally to continue the wave (3).
Ethereum/ U.S. dollar(ETHUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, RSI is a Bearish Momentum.
