Elliott Wave Analysis TradingLounge Daily Chart, 4 December 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: Theta Token recovered well from the level of 0.5562 and extended its five waves in the upward direction. As a result, the downtrend may end at the level of 0.562. Currently, the price is in the range of correction before increasing again. and there is a chance to test the level of 0.801.
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!
Elliott Wave Analysis TradingLounge 4H Chart, 4 December 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: Theta Token recovered well from the level of 0.5562 and extended its five waves in the upward direction. As a result, the downtrend may end at the level of 0.562. Currently, the price is in the range of correction before increasing again. and there is a chance to test the level of 0.801.
THETA Token/ U.S. dollar(THETAUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, Wave Oscillators a Bullish Momentum.
