ETHUSD Elliott Wave Analysis - TradingLounge Daily Chart
Ethereum / U.S. Dollar (ETHUSD) Daily Chart Analysis
ETHUSD Elliott Wave Technical Analysis
Function: Trend Following
Mode: Motive
Structure: Impulse
Current Position: Wave 5
Direction of Next Higher Degree:
Wave Cancellation Level:
Ethereum / U.S. Dollar (ETHUSD) – Elliott Wave Trading Strategy
Ethereum is advancing through the final stages of its corrective ABC pattern, with wave C unfolding as sub-wave (4). The price is anticipated to move into sub-wave (5), targeting the $1,230–$1,250 zone — a region aligned with the 1.618 Fibonacci extension of sub-wave 1. This level is critical for identifying a potential trend reversal. Traders should look for bullish confirmation signals such as hammer candlesticks, divergence, or high-volume price reactions to confirm a new impulse wave.
Trading Strategies
Strategy Overview
✅ Swing Traders:
Watch for reversal setups within the $1,230–$1,250 Fibonacci extension zone before initiating positions.
Risk Management:
Detailed risk parameters are currently unspecified.
ETHUSD Elliott Wave Analysis - TradingLounge H4 Chart
Ethereum / U.S. Dollar (ETHUSD) 4-Hour Chart Analysis
ETHUSD Elliott Wave Technical Analysis
Function: Trend Following
Mode: Motive
Structure: Impulse
Current Position: Wave 5
Direction of Next Higher Degree:
Wave Cancellation Level:
Ethereum / U.S. Dollar (ETHUSD) – Elliott Wave Trading Strategy
Ethereum’s ABC corrective pattern is nearing its conclusion, with wave C developing into sub-wave (4). A continuation into sub-wave (5) is expected, targeting the $1,230–$1,250 region. This price zone coincides with the 1.618 Fibonacci extension of sub-wave 1 and may act as a support level for a bullish reversal. Traders should closely monitor for confirmation signals of a trend shift in this area.
Trading Strategies
Strategy Overview
✅ Swing Traders:
Anticipate a potential bottom within the $1,230–$1,250 range and wait for bullish reversal confirmation.
Risk Management:
Specific risk management strategies are not outlined.
Technical Analyst: Kittiampon Somboonsod, CEWA
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