Elliott Wave Analysis TradingLounge Daily Chart,
Ethereum/ U.S. dollar(ETHUSD)
ETHUSD Elliott Wave Technical Analysis
Function: Counter Trend
Mode: Corrective
Structure: Triangle
Position: Wave C
Direction Next higher Degrees: wave (4)
Wave Cancel invalid level: 2818
Details: Movement within the Triangle pattern.
Ethereum/ U.S. dollar(ETHUSD)Trading Strategy:
Movement within the Triangle pattern before price re-enters the main trend. We still have two moves left in waves D and E, so wait for the correction to complete to rejoin the main trend.
Ethereum/ U.S. dollar(ETHUSD)Technical Indicators: The price is above the MA200 indicating a uptrend, The Wave Oscillator is a Bearish Momentum.
Elliott Wave Analysis TradingLounge H4 Chart,
Ethereum/ U.S. dollar(ETHUSD)
ETHUSD Elliott Wave Technical Analysis
Function: Counter Trend
Mode: Corrective
Structure: Triangle
Position: Wave C
Direction Next higher Degrees: wave (4)
Wave Cancel invalid level: 2818
Details: Movement within the Triangle pattern.
Ethereum/ U.S. dollar(ETHUSD)Trading Strategy:
Movement within the Triangle pattern before price re-enters the main trend. We still have two moves left in waves D and E, so wait for the correction to complete to rejoin the main trend.
Ethereum/ U.S. dollar(ETHUSD)Technical Indicators: The price is below the MA200 indicating a downtrend, The Wave Oscillator is a Bearish Momentum.
Technical Analyst: Kittiampon Somboonsod
Source: visit Tradinglounge.com and learn From the Experts Join TradingLounge Here
See Previous:NEO/ U.S. Dollar (NEOUSD) Elliott Wave Technical Analysis
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