Ethereum / U.S. Dollar (ETHUSD) Elliott Wave Analysis – TradingLounge Daily Chart
ETHUSD Elliott Wave Technical Analysis
Function: Follow Trend
Mode: Motive
Structure: Impulse
Position: Wave 5
Direction (Next Higher Degrees):
Wave Cancel/Invalidation Level:
Ethereum / U.S. Dollar (ETHUSD) – Trading Strategy:
Ethereum is currently trending downward within a Wave C structure, which is part of a larger Zigzag corrective pattern. The market is progressing through sub-wave (5), and signs suggest it is approaching completion. Currently, Ethereum is forming sub-wave (3) within wave (5). Before wave (5) completes, a short-lived upward move in wave (4) is expected.
Trading Strategies:
Strategy:
✅ Short-Term Trading Strategy (Swing Trade):
Evaluate potential long trades if a bullish reversal pattern appears near the $1,470 support zone, signaling buyer interest.
Risk Management:
(No information provided)
Ethereum / U.S. Dollar (ETHUSD) Elliott Wave Analysis – TradingLounge H4 Chart
ETHUSD Elliott Wave Technical Analysis
Function: Follow Trend
Mode: Motive
Structure: Impulse
Position: Wave 5
Direction (Next Higher Degrees):
Wave Cancel/Invalidation Level:
Ethereum / U.S. Dollar (ETHUSD) – Trading Strategy:
Ethereum's price action is unfolding in a bearish Wave C sequence, part of a broader Zigzag corrective formation. Sub-wave (5) is still in progress, nearing its end. The current development is in sub-wave (3) of (5). Expect a modest upward correction in wave (4) before the last push downward concludes wave (5).
Trading Strategies:
Strategy:
✅ Short-Term Trading Strategy (Swing Trade):
Monitor the $1,470 area for signs of renewed buying interest and bullish confirmation to initiate potential long positions.
Risk Management:
(No information provided)
Technical Analyst: Kittiampon Somboonsod, CEWA
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