Trading Lounge ETHUSD Elliott Wave Analysis - Daily Chart
Ethereum/ U.S. dollar Pair Daily Chart Analysis
ETHUSD Elliott Wave Technical Analysis
Function: Follow Trend
Mode: Motive
Structure: Impulse
Position: Wave 5
Direction Next higher Degrees: Wave 5 of Wave (3)
Wave Cancel invalid level: Not specified
Details: Wave (5) trend move to test 4692.28
Ethereum/ U.S. dollar (ETHUSD) Trading Strategy:
A five-wave increase in the Impulse pattern, with the fourth wave appearing to be complete. The price rose again during the fifth wave. The overall trend suggests a rise above the 4150 level again.
Ethereum/ U.S. dollar (ETHUSD) Technical Indicators:
- The price is above the MA200, indicating an Uptrend.
- The Wave Oscillator shows Bullish Momentum.
ETHUSD Elliott Wave Analysis - Trading Lounge H4 Chart
Ethereum/ U.S. dollar: ETHUSD 4-Hour Chart Analysis
ETHUSD Elliott Wave Technical Analysis
Function: Follow Trend
Mode: Motive
Structure: Impulse
Position: Wave 5
Direction Next higher Degrees: Wave 5 of Wave (3)
Wave Cancel invalid level: Not specified
Details: Wave (5) trend move to test 4692.28
Ethereum/ U.S. dollar (ETHUSD) Trading Strategy:
A five-wave increase in the Impulse pattern, with the fourth wave appearing to be complete. The price rose again during the fifth wave. The overall trend suggests a rise above the 4150 level again.
Ethereum/ U.S. dollar (ETHUSD) Technical Indicators:
- The price is above the MA200, indicating an Uptrend.
- The Wave Oscillator shows Bullish Momentum.
Technical Analyst: Kittiampon Somboonsod
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