Elliott Wave Analysis TradingLounge Daily Chart, 14 November 23,
Theta Token / U.S. dollar(THETAUSD)
THETAUSD Elliott Wave Technical Analysis
Function: Follow trend
Mode: Motive
Structure: Impulse
Position: Wave (1)
Direction Next higher Degrees: wave I of Impulse
Wave Cancel invalid Level:
Details: Wave 1 is likely to end and prices are entering a wave 2 correction.
Theta Token / U.S. dollar(THETAUSD)Trading Strategy: Theta Token recovered well from the 0.562 level with an impulse rally, leading us to expect a five-wave rally that is likely complete. We are looking for a correction pattern in wave 2 for an opportunity to rejoin the trend.
Theta Token / U.S. dollar(THETAUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, RSI is a Bullish Momentum.
TradingLounge Analyst: Kittiampon Somboonsod, CEWA
Source: Tradinglounge.com get trial here!
Elliott Wave Analysis TradingLounge 4H Chart, 14 November 23,
Theta Token / U.S. dollar (THETAUSD)
THETAUSD Elliott Wave Technical Analysis
Function: Follow trend
Mode: Motive
Structure: Impulse
Position: Wave (1)
Direction Next higher Degrees: wave I of Impulse
Wave Cancel invalid Level:
Details: Wave 1 is likely to end and prices are entering a wave 2 correction.
Theta Token / U.S. dollar(THETAUSD)Trading Strategy: Theta Token recovered well from the 0.562 level with an impulse rally, leading us to expect a five-wave rally that is likely complete. We are looking for a correction pattern in wave 2 for an opportunity to rejoin the trend.
Theta Token / U.S. dollar(THETAUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, RSI is a Bullish Momentum.
