THETAUSD Elliott Wave Analysis – TradingLounge Daily Chart
THETA/USD (THETAUSDT) Price Forecast
THETAUSD Elliott Wave Technical Analysis
- Function: Counter-trend
- Mode: Corrective
- Structure: Zigzag
- Position: Wave ((C))
- Next Higher Degree Direction: Wave E of Triangle
- Wave Invalidation Level:
Analysis: THETAUSDT is nearing the final phase of the ABCDE Triangle Pattern. A decisive breakout above 1.485 USD could confirm a potential bullish trend continuation.
THETA/USD (THETAUSDT) Trading Strategy
The current ABC Zigzag Correction structure suggests Wave E of the Triangle Formation is in progress. This phase is close to completion and may test the 1.052 USDT support level before making a directional move.
THETAUSDT Trading Strategies:
📈 Long Strategy:
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Entry Option 1: Buy at 1.052 USDT if a strong reversal signal appears.
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Entry Option 2: Buy upon breakout above 1.485 USD, confirming an uptrend with increased trading volume.
Risk Management:
THETAUSD Elliott Wave Analysis – TradingLounge H4 Chart
THETA/USD (THETAUSDT) Price Outlook
THETAUSD Elliott Wave Technical Analysis
Analysis: THETAUSDT continues to consolidate within the ABCDE Triangle Pattern, nearing the completion phase. A breakout above 1.485 USD could trigger a bullish continuation.
THETA/USD (THETAUSDT) Trading Strategy
The ABC Zigzag Correction is shaping Wave E of the Triangle, signaling a potential reversal. The price is stabilizing near 1.052 USDT, which could serve as a key support zone before an upward move.
Trading Strategies:
📈 Long Strategy:
- Entry Option 1: Buy on a rebound from 1.052 USDT if a clear reversal signal is detected.
- Entry Option 2: Buy after a confirmed breakout above 1.485 USD, backed by high volume.
Risk Management:
Technical Analyst: Kittiampon Somboonsod, CEWA
Source: visit Tradinglounge.com and learn From the Experts Join TradingLounge Here
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