15Nov

Ethereum/ U.S. dollar(ETHUSD) Elliott Wave Technical Analysis 15 November 23

Elliott Wave Analysis TradingLounge Daily Chart, 15 November 23,

Ethereum/ U.S. dollar(ETHUSD)

ETHUSD Elliott Wave Technical Analysis

Function: Follow Trend

Mode: Motive

Structure: Impulse

Position: Wave 1

Direction Next higher Degrees: wave (1) of Impulse

Wave Cancel invalid level:

Details: Wave 1 may have ended and prices are entering. Correction in Wave 2

Ethereum/ U.S. dollar(ETHUSD)Trading Strategy: The rise in wave(1) appears to have ended at the level of 2136.53 and the price is entering a period of correction in wave(2), where Retracement of wave (2)usually .50 or .618 x Length. wave (1) Therefore, Ethereum's outlook remains bullish. The retracement is only a short term rally to continue the wave (3).

Ethereum/ U.S. dollar(ETHUSD)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!

ETHUSD-Day-Crypto-Ch...

 


 

Elliott Wave Analysis TradingLounge 4H Chart, 15 November 23,

Ethereum/ U.S. dollar(ETHUSD)

ETHUSD Elliott Wave Technical Analysis

Function: Follow Trend

Mode: Motive

Structure: Impulse

Position: Wave 1

Direction Next higher Degrees: wave (1) of Impulse

Wave Cancel invalid level:

Details: Wave 1 may have ended and prices are entering. Correction in Wave 2

Ethereum/ U.S. dollar(ETHUSD)Trading Strategy: The rise in wave(1) appears to have ended at the level of 2136.53 and the price is entering a period of correction in wave(2), where Retracement of wave (2)usually .50 or .618 x Length. wave (1) Therefore, Ethereum's outlook remains bullish. The retracement is only a short term rally to continue the wave (3).

Ethereum/ U.S. dollar(ETHUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, RSI is a Bullish Momentum.

ETHUSD-4Hr-Crypto-Ch...

Related

 Understand key trends and Elliott Wave Invalidation levels to optimize your U.S. Dollar / Canadian Dollar (USDCAD) Trading Plan

Understand key trends and Elliott Wave Invalidation levels to optimize your U.S. Dollar / Canadian Dollar (USDCAD) Trading Plan

Get the latest USDCAD Elliott Wave analysis, covering daily and 4-hour charts. Learn about the curre...

Read More >
NIFTY 50 (INDIA) Index Elliott Wave Technical Analysis: Daily & Weekly Market Trends and Forecasts

NIFTY 50 (INDIA) Index Elliott Wave Technical Analysis: Daily & Weekly Market Trends and Forecasts

This analysis provides a comprehensive view of NIFTY 50 using Elliott Wave theory. Covering both dai...

Read More >
Netflix (NFLX) Elliott Wave Technical Analysis: In-Depth Stock Forecast and Trading Insights

Netflix (NFLX) Elliott Wave Technical Analysis: In-Depth Stock Forecast and Trading Insights

This analysis delves into Netflix's (NFLX) stock trends using Elliott Wave theory, focusing on d...

Read More >
Elliott Wave Analysis & Trading Strategies: SP500, NASDAQ 100, AAPL, TSLA, AMZN, NVDA, MSFT, META, NFLX, GOOGL, BTC

Elliott Wave Analysis & Trading Strategies: SP500, NASDAQ 100, AAPL, TSLA, AMZN, NVDA, MSFT, META, NFLX, GOOGL, BTC

NASDAQ Stock Market Elliott Wave Analysis and Trading Strategies: Our current trades are profitab...

Read More >
PepsiCo Inc. (PEP) Elliott Wave Analysis: Key Support at $150 Signals Potential Wave 3 Rally and Long-Term Bullish Trend Reversal

PepsiCo Inc. (PEP) Elliott Wave Analysis: Key Support at $150 Signals Potential Wave 3 Rally and Long-Term Bullish Trend Reversal

PepsiCo (PEP) is approaching key support at $150, marking a potential bottom in Minor wave 2. A conf...

Read More >
Elliott Wave Analysis: Bearish and Bullish Scenarios for SP 500 and Nasdaq 100

Elliott Wave Analysis: Bearish and Bullish Scenarios for SP 500 and Nasdaq 100

The Elliott Wave analysis of the SP 500 and Nasdaq 100 indices suggests a predominant bearish trend ...

Read More >

Buy 1 Month

Get 3 Months!

Special Offer:

Trade Recommendations

Unleash the power of deversified trading with our comprehensive portfolio, covering:

  • Stock Trades
  • Crypto Trades
  • Forex Trades
  • Commodity Trades
Elliott Wave Analysis

Gain a competive edge with expert insights in to:

  • Global Indices
  • US Stocks & ASX Stocks
  • Forex & Crypto
  • Commodities
Top-Notch Trading Tools

Equip yourself with the tools of success:

  • Social Chat
  • Elliott Wave Algorithm
  • Screener
  • TradingLevels
  • Trading Game
7 Elliott Wave Analysts

Stay ahead of the market with daily charts and insightful videos
-Your secret to strategic trading!

JOIN HERE


Welcome to TradingLounge (ASIC A.R.No. 321187), specialists in trades, trading education and technical analysis, covering stocks, indices, commodities, forex and cryptocurrencies.

When you join TradingLounge you have access to everything we offer, including trade tools, educational content and a social platform to chat with like-minded investors.

Read more

@Copyright 2024 by tradinglounge.com

Contact Us

Australian no: 02 4787 6020

International no: +61 (2) 47876020

Pay with:

Find us on