23Nov

Ethereum/ U.S. dollar(ETHUSD) Elliott Wave Technical Analysis 23 November 23

Elliott Wave Analysis TradingLounge Daily Chart, 23 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, Wave Oscillators a Bullish Momentum.

TradingLounge Analyst: Kittiampon Somboonsod, CEWA

Source: Tradinglounge.com get trial here!

ETHUSD-Day-Crypto-Ch...


 

Elliott Wave Analysis TradingLounge 4H Chart, 23 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, Wave Oscillators a Bullish Momentum.

ETHUSD-4Hr-Crypto-Ch...

Related

Hang Seng Index Elliott Wave Technical Analysis: Market Trends, Wave Count, Price Prediction, and Trading Strategy for Investors

Hang Seng Index Elliott Wave Technical Analysis: Market Trends, Wave Count, Price Prediction, and Trading Strategy for Investors

Elliott Wave analysis of the Hang Seng Index, covering both daily and weekly chart forecasts. It exa...

Read More >
NEOUSD Elliott Wave Technical Analysis: NEO Price Prediction, Trading Strategy, Zigzag Patterns, Technical Indicators

NEOUSD Elliott Wave Technical Analysis: NEO Price Prediction, Trading Strategy, Zigzag Patterns, Technical Indicators

Elliott Wave analysis of NEOUSD, detailing the corrective Wave (2) phase, trading strategies for the...

Read More >
NEO Crypto Price Elliott Wave Technical Analysis: Covers NEO Price Trends, Re-entry Points, and The Role of Bearish Momentum

NEO Crypto Price Elliott Wave Technical Analysis: Covers NEO Price Trends, Re-entry Points, and The Role of Bearish Momentum

Explore the latest NEOUSD Elliott Wave analysis focusing on the transition from wave 2 to wave 3, wi...

Read More >
Analysis Provides Insights into Coca-Cola's Stock Forecast using Elliott Wave Theory and Technical Chart Patterns

Analysis Provides Insights into Coca-Cola's Stock Forecast using Elliott Wave Theory and Technical Chart Patterns

In this Coca-Cola (KO) Elliott Wave analysis, we examine the daily and 1-hour charts to evaluate the...

Read More >
Costco Wholesale Corp. (COST) Elliott Wave Analysis: Stock Forecast, Key Resistance Levels, and Market Outlook for Investors

Costco Wholesale Corp. (COST) Elliott Wave Analysis: Stock Forecast, Key Resistance Levels, and Market Outlook for Investors

This Costco (COST) Elliott Wave analysis provides a detailed look at the stock's current wave st...

Read More >
Elliott Wave Analysis for NASDAQ 100 & Key Stocks: Expert Insights & Trading Strategies

Elliott Wave Analysis for NASDAQ 100 & Key Stocks: Expert Insights & Trading Strategies

Dive into our latest Elliott Wave Analysis for the NASDAQ 100, including detailed insights and tradi...

Read More >

Buy 1 Month

Get 3 Months!

Special Offer:

Trade Recommendations

Unleash the power of deversified trading with our comprehensive portfolio, covering:

  • Stock Trades
  • Crypto Trades
  • Forex Trades
  • Commodity Trades
Elliott Wave Analysis

Gain a competive edge with expert insights in to:

  • Global Indices
  • US Stocks & ASX Stocks
  • Forex & Crypto
  • Commodities
Top-Notch Trading Tools

Equip yourself with the tools of success:

  • Social Chat
  • Elliott Wave Algorithm
  • Screener
  • TradingLevels
  • Trading Game
7 Elliott Wave Analysts

Stay ahead of the market with daily charts and insightful videos
-Your secret to strategic trading!

JOIN HERE


Welcome to TradingLounge (ASIC A.R.No. 321187), specialists in trades, trading education and technical analysis, covering stocks, indices, commodities, forex and cryptocurrencies.

When you join TradingLounge you have access to everything we offer, including trade tools, educational content and a social platform to chat with like-minded investors.

Read more

@Copyright 2024 by tradinglounge.com

Contact Us

Australian no: 02 4787 6020

International no: +61 (2) 47876020

Pay with:

Find us on