24Nov

Theta Token / U.S. dollar(THETAUSD) Elliott Wave Technical Analysis 24 November 23

Elliott Wave Analysis TradingLounge Daily Chart, 24 November 23,

Theta Token / U.S. dollar(THETAUSD)

THETAUSD Elliott Wave Technical Analysis

Function: Counter trend

Mode: Corrective

Structure: Zigzag

Position: Wave (2)

Direction Next higher Degrees: wave ((2)) of Impulse

Wave Cancel invalid Level:

Details: Retracement of wave ((2)) usually .50 or .618 x Length wave ((1))

Theta Token / U.S. dollar(THETAUSD)Trading Strategy: The rise in wave (1) appears to have ended at the 1.190 level and the price is entering a correction period in wave (2), where the retracement of wave (2) is usually at .50 or .618 x volatility. Long Wave (1) Therefore, Theta Token's trend is still up. A reversal is just a correction to continue the wave (3).

Theta Token / U.S. dollar(THETAUSD)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!

THETAUSD-Crypto-DAY-...

 


 

Elliott Wave Analysis TradingLounge 4H Chart, 24 November 23,

Theta Token / U.S. dollar(THETAUSD)

THETAUSD Elliott Wave Technical Analysis

Function: Counter trend

Mode: Corrective

Structure: Zigzag

Position: Wave (2)

Direction Next higher Degrees: wave ((2)) of Impulse

Wave Cancel invalid Level:

Details: Retracement of wave ((2)) usually .50 or .618 x Length wave ((1))

Theta Token / U.S. dollar(THETAUSD)Trading Strategy: The rise in wave (1) appears to have ended at the 1.190 level and the price is entering a correction period in wave (2), where the retracement of wave (2) is usually at .50 or .618 x volatility. Long Wave (1) Therefore, Theta Token's trend is still up. A reversal is just a correction to continue the wave (3).

Theta Token / U.S. dollar(THETAUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, Wave Oscillators a Bullish Momentum.

THETAUSD-Crypto-4H-C...

Related

New Zealand Dollar/U.S.Dollar (NZDUSD) Chart Elliott Wave Technical Analysis 27 October 23

New Zealand Dollar/U.S.Dollar (NZDUSD) Chart Elliott Wave Technical Analysis 27 October 23

In summary, the NZD/USD Elliott Wave Analysis for the Day Chart on 27 October 23, offers substantial...

Read More >
The Coca-Cola Company (KO:NYSE) Elliott Wave Technical Analysis 16 November 23

The Coca-Cola Company (KO:NYSE) Elliott Wave Technical Analysis 16 November 23

The Coca-Cola Company (KO:NYSE) Elliott Wave Technical Analysis 16 November 23 KO Stock Market Analy...

Read More >
Our detailed U.S.Dollar /Canadian Dollar (USD/CAD) Forex Elliott Wave Technical Analysis: Market Dynamics for this Currency Pair.

Our detailed U.S.Dollar /Canadian Dollar (USD/CAD) Forex Elliott Wave Technical Analysis: Market Dynamics for this Currency Pair.

Our detailed USD/CAD Elliott Wave analysis offers valuable insights into the current market dynamics...

Read More >
Day and 4-hour Chart for British Pound/U.S.Dollar (GBPUSD) Elliott Wave Technical Analysis

Day and 4-hour Chart for British Pound/U.S.Dollar (GBPUSD) Elliott Wave Technical Analysis

Our GBP/USD Elliott Wave Analysis for the 4-hour chart on 13 March 24 suggests an ongoing impulsive ...

Read More >
TATA Consumer Product Stock Elliott Wave analysis - Covers the Future Price Targets and TATACONSUM Technical Chart insights

TATA Consumer Product Stock Elliott Wave analysis - Covers the Future Price Targets and TATACONSUM Technical Chart insights

This article provides an in-depth Elliott Wave analysis of TATA Consumer Product stock (TATACONSUM)....

Read More >
Uniswap/U.S. dollar(UNIUSD) Elliott Wave Technical Analysis 21 January 24

Uniswap/U.S. dollar(UNIUSD) Elliott Wave Technical Analysis 21 January 24

TradingLounge Uniswap and U.S. dollar(UNIUSD) Elliott Wave Technical Analysis dated 22 January 24

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