11Oct

Ethereum ETH (ETH-USD) Price Chart Analysis daily | ETHUSD Elliott Wave Technical Analysis daily

Elliott Wave Analysis TradingLounge Daily Chart, 11 October 23

Ethereum/U.S. dollar(ETHUSD)

ETHUSD Elliott Wave Technical Analysis

Function: Reactionary(Counter Trend)

Mode: Corrective

Structure: Flat

Position: Wave (C)

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

Wave Cancel invalid level: 1075.57

Details: Wave ((2)) trend move to 61.8% of wave ((1)) at 1483.10

Ethereum/U.S. dollar(ETHUSD)Trading Strategy: We are still considering the end of Wave C, retesting the 61.8% support of Wave (1) at 1483.10. Prices are still in a downtrend. But it's in the final stages of a decline, so waiting for Logic to buy is probably a better idea.

Ethereum/U.S. dollar(ETHUSD)Technical Indicators: The price is below the MA200 indicating a downtrend, RSI is a Bearish Momentum.

TradingLounge Analyst: Kittiampon Somboonsod, CEWA

Source: Tradinglounge.com get a trial here!

Crypto23(1)


 

Elliott Wave Analysis TradingLounge 4H Chart, 11 October 23

Ethereum/U.S. dollar(ETHUSD)

ETHUSD Elliott Wave Technical Analysis

Function: Reactionary(Counter Trend)

Mode: Corrective

Structure: Flat

Position: Wave (C)

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

Wave Cancel invalid level: 1075.57

Details: Wave ((2)) trend move to 61.8% of wave ((1)) at 1483.10

Ethereum/U.S. dollar(ETHUSD)Trading Strategy: We are still considering the end of Wave C, retesting the 61.8% support of Wave (1) at 1483.10. Prices are still in a downtrend. But it's in the final stages of a decline, so waiting for Logic to buy is probably a better idea.

Ethereum/U.S. dollar(ETHUSD)Technical Indicators: The price is below the MA200 indicating a downtrend, RSI is a Bearish Momentum.

Crypto-Daily-4H-11-1...

Related

Understand How AXIS Bank's Stock is Positioned with Projections Indicating Potential Moves Based on Elliott Wave Theory

Understand How AXIS Bank's Stock is Positioned with Projections Indicating Potential Moves Based on Elliott Wave Theory

This article provides an in-depth Elliott Wave analysis for AXIS Bank, examining current trends, pri...

Read More >
The Walt Disney Co. (DIS) Stock Forecast: Elliott Wave Technical Analysis and Key Price Levels for 2024

The Walt Disney Co. (DIS) Stock Forecast: Elliott Wave Technical Analysis and Key Price Levels for 2024

This article provides an in-depth Elliott Wave analysis of The Walt Disney Co. (DIS) stock, includin...

Read More >
Crypto Dogecoin market analysis:  DOGEUSD Price News Today Elliott Wave Technical Analysis

Crypto Dogecoin market analysis: DOGEUSD Price News Today Elliott Wave Technical Analysis

This article provides an in-depth DOGEUSD Elliott Wave analysis, focusing on Dogecoin's price tr...

Read More >
Important Trends to Watch in the Silver Commodity Market: Silver XAGUSD Elliott Wave Technical Analysis

Important Trends to Watch in the Silver Commodity Market: Silver XAGUSD Elliott Wave Technical Analysis

This article provides an in-depth Silver Elliott Wave Analysis, focusing on current market dynamics,...

Read More >
NIFTY 50(INDIA) Index Elliott Wave Technical Analysis Provides Detailed Insights into current market trends

NIFTY 50(INDIA) Index Elliott Wave Technical Analysis Provides Detailed Insights into current market trends

The NIFTY 50 (India) Elliott Wave Analysis provides detailed insights into current market trends usi...

Read More >
Index Trading With Detailed Bovespa Index Elliott Wave Technical Analysis and Daily and Weekly Chart Forcast

Index Trading With Detailed Bovespa Index Elliott Wave Technical Analysis and Daily and Weekly Chart Forcast

Explore our detailed Bovespa Index trading insights, including Elliott Wave analysis, market trends,...

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