THETAUSD Elliott Wave Analysis – TradingLounge Daily Chart
THETA/USD (THETAUSD) – Crypto Forecast
THETAUSD Elliott Wave Technical Outlook
Purpose: Trend Continuation
Wave Type: Motive
Pattern: Impulse
Wave Count: Wave 1
Next Higher Degree Direction:
Wave Cancelation Point:
THETA/USD Daily Elliott Wave Forecast – Trading Strategy:
THETAUSD is weakening after a corrective a-b-c rally met resistance at the 0.618 Fibonacci retracement level — a pattern also observed in BTCUSD. The Elliott Wave model suggests wave (b) is nearing completion, setting the stage for a potential decline as wave (c) unfolds.
Trading Plan:
Short-Term Swing Trade Setup:
✅ A confirmed drop below 90,817 may trigger wave (c), with bearish targets around 74,322 or even lower.
Risk Management Strategy:
A break beneath $0.56 (Wave Cancelation Point) invalidates the current wave count, requiring a reassessment of the overall Elliott Wave structure.
THETAUSD Elliott Wave Analysis – TradingLounge H4 Chart
THETA/USD (THETAUSD) – Intraday Crypto Outlook
THETAUSD – Elliott Wave Technical Outlook
Purpose: Trend Continuation
Wave Type: Motive
Pattern: Impulse
Wave Count: Wave 1
Next Higher Degree Direction:
Wave Cancelation Point:
THETA/USD 4-Hour Elliott Wave Forecast – Trading Strategy:
In the H4 chart, THETAUSD completed a bounce within an a-b-c corrective move and touched the 0.618 Fibonacci retracement level. Weakness at this resistance suggests that wave (b) is likely ending, setting up for a potential bearish leg into wave (c).
Trading Plan:
Short-Term Swing Trade Setup:
✅ A move below 90,817 would confirm the start of wave (c), with possible downside targets near 74,322 or lower.
Risk Management Strategy:
A decline under $0.56 invalidates the current Elliott Wave scenario → reanalysis will be required.
Technical Analyst: Kittiampon Somboonsod, CEWA
Source: Visit Tradinglounge.com and learn from the Experts. Join TradingLounge Here
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