ETHUSD Elliott Wave Analysis – TradingLounge Day Chart
Ethereum/ U.S. Dollar (ETHUSD) Day Chart Analysis
ETHUSD Elliott Wave Technical Analysis
Function: Counter Trend
Mode: Corrective
Structure: Zigzag
Position: Wave C
Next Higher Degree Direction: Wave II
Wave Cancelation Level:
Ethereum/ U.S. Dollar (ETHUSD) Trading Strategy
ETH/USD is currently in a corrective phase within Wave (2). If the price sustains above the critical support level, there is a strong possibility of entering Wave (3), which signals the beginning of a new uptrend. Traders should keep a close watch on price movements around the 3,007.89 USD and 3,354.68 USD resistance levels.
Trading Strategies
Buy Strategy (Long Position)
- If the price remains above 3,007.89 USD and successfully breaks through the 3,354.68 USD Bullish Level, it will confirm that ETH is entering Wave (3), signaling a new bullish trend.
Risk Management
ETHUSD Elliott Wave Analysis – TradingLounge 4H Chart
Ethereum/ U.S. Dollar (ETHUSD) 4H Chart Analysis
ETHUSD Elliott Wave Technical Analysis
Function: Counter Trend
Mode: Corrective
Structure: Zigzag
Position: Wave C
Next Higher Degree Direction: Wave II
Wave Cancelation Level:
Ethereum/ U.S. Dollar (ETHUSD) Trading Strategy
ETH/USD remains in a corrective Wave (2) phase. If the price holds above key support, a potential breakout into Wave (3) could initiate a new uptrend. Investors should monitor price action near 3,007.89 USD and 3,354.68 USD resistance levels for confirmation of the bullish movement.
Trading Strategies
Buy Strategy (Long Position)
- If the price stays above 3,007.89 USD and breaks through the 3,354.68 USD Bullish Level, it will indicate ETH is transitioning into Wave (3), signaling a strong uptrend.
Risk Management
Technical Analyst: Kittiampon Somboonsod
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