Bitcoin & Ethereum Elliott Wave Technical Analysis
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10/06/21 10:53
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By tradinglounge · Posted
Elliott Wave Analysis TradingLounge Daily Chart, 1 Febuary 23, Ethereum / U.S.dollar(ETHUSD) ETHUSD Elliott Wave Technical Analysis Function: Follow trend Mode: Motive Structure: Impulse Position: Wave III Direction Next higher Degrees: wave III of Motive Wave Cancel invalid Level: 1073 Ethereum / U.S.dollar(ETHUSD) Trading Strategy: Ethereum recovered well from the 1073 level and could break the MA200 as a signal of weakening of the downtrend. As a result, the trend may change to an uptrend. And there is a tendency towards to the price target at 2943. Ethereum / U.S.dollar(ETHUSD) Technical Indicators: The price is above the MA200 MA50, indicating an uptrend. The wave oscillators above Zero-Line momentum are bullish. TradingLounge Analyst: Kittiampon Somboonsod Source: Tradinglounge.com get trial here! Elliott Wave Analysis TradingLounge 4H Chart, 1 Febuary 2023, Ethereum / U.S.Dollar (ETHUSD) ETHUSD Elliott Wave Technical Analysis Function: Follow trend Mode: Motive Structure: Impulse Position: Wave (3) Direction Next higher Degrees: wave ((1)) of Motive Wave Cancel invalid Level: 1231 Ethereum / U.S.Dollar (ETHUSD) Trading Strategy: Ethereum continues to strengthen in its current impulse wave pattern. It is in the phase of a correction in wave (4), upon its completion, the price will increase in wave ((5)) again. Ethereum / U.S.dollar(ETHUSD) Technical Indicators: The price is above the MA200, indicating an uptrend. The wave oscillators have Bearish divergence watch out for Reversal. -
thank you @OfentseIG. may you please guide me on where to get the KID document? -
By ottodickmann · Posted
I think, that BTC will be 25K$ at the end of the winter. Though, some traders ask nowadays, is Bitcoin dead. In any case BTC has a great future.
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