Elliott Wave Analysis TradingLounge Daily Chart, 12 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 : Theta Token is likely to rise due to the increase in the Impulse Wave price structure. Overall, it is still in an uptrend. And a five-wave rise above the 1.207 level supports this idea.
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, 12 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: Theta Token is likely to rise due to the increase in the Impulse Wave price structure. Overall, it is still in an uptrend. And a five-wave rise above the 1.207 level supports this idea.
Theta token/ U.S. dollar(THETAUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, Wave Oscillators a Bullish Momentum.
