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Ethereum(ETHUSD) Elliott Wave Analysis 15 August 2022


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Elliott Wave Analysis TradingLounge Daily Chart, 15 August 2022, Ethereum(ETHUSD)
ETHUSD Elliott Wave Technical Analysis
Function: Fol ow trend
Mode: Motive
Structure: Impulse
Position: Wave I
Direction Next higher Degrees: Impulse wave (V) Details: The first wave may be nearing
its end and the price reverses.
back in the second wave
Wave Cancel invalid Level:

Ethereum(ETHUSD) Trading Strategy: Price is completing five moves in a Motive wave with
significant resistance at MA200 or price target wave ((5)) at 2123 level. Watch out for a
reversal in the second wave by a larger degree.

Ethereum(ETHUSD) Indicators: The RSI is in the Overbought Zone.

TradingLounge Analyst: Kittiampon Somboonsod

59425624_ETHDay.thumb.png.1a44acb5b29150a9acdb1ca04f3b9f61.png

 

 

 

Elliott Wave Analysis TradingLounge 4H Chart, 15 August 2022, Ethereum(ETHUSD)
ETHUSD Elliott Wave Technical Analysis
Function: Fol ow trend
Mode: Motive
Structure: Impulse
Position: Wave ((5))
Direction Next higher Degrees: Impulse wave I Details: The first wave may be nearing its
end and the price reverses.

back in the second wave
Wave Cancel invalid Level:
Ethereum(ETHUSD) Trading Strategy: Price is completing five moves in a Motive wave with
significant resistance at MA200 or price target wave ((5)) at 2123 level. Watch out for a
reversal in the second wave by a larger degree.

Ethereum(ETHUSD) Technical Indicators: MACD has positive momentum, short-term price may
rise.

1012815403_ETHH4.thumb.png.726356eaaae085ff730ea79b6d10015e.png

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