Elliott Wave Analysis TradingLounge Daily Chart, 8 December 23,
Theta Token/ U.S. dollar(THETAUSD)
THETAUSD Elliott Wave Technical Analysis
Function: Counter trend
Mode: Corrective
Structure: Flat
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: Overall, Theta Token is still in an uptrend but is undergoing a correction in Wave 2, which we expect to be a flat correction. We are still missing one more move in the downside direction of Wave C. There is a trend. Support area 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, 8 December 23,
Theta Token/ U.S. dollar(THETAUSD)
THETAUSD Elliott Wave Technical Analysis
Function: Counter trend
Mode: Corrective
Structure: Flat
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: Overall, Theta Token is still in an uptrend but is undergoing a correction in Wave 2, which we expect to be a flat correction. We are still missing one more move in the downside direction of Wave C. There is a trend. Support area 0.801.
Theta Token/ U.S. dollar(THETAUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, Wave Oscillators a Bullish Momentum.
