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Ethereum(ETHUSD) Elliott Wave Technical Analysis 31 August 2022


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Elliott Wave Analysis TradingLounge Daily Chart, 31 August 2022, Ethereum(ETHUSD)
ETHUSD Elliott Wave Technical Analysis
Function: Counter trend
Mode: Corrective
Structure: Zigzag
Position: Wave A
Direction Next higher Degrees: Impulse wave (II) Details: A decrease in wave ((A)) first increases in wave ((B)) and decreases again in wave ((C)).

Wave Cancel invalid Level: 887.02
Ethereum(ETHUSD)Trading Strategy: Wave ((B)) may end at the previous fourth wave. And the price wil fal again in wave ((C)), so it might be a good opportunity to look
for opportunities in short positions.

short-term Ethereum(ETHUSD) Technical Indicators: RSI entering bearish resistance zone TradingLounge

Technical Analyst: Kittiampon Somboonsod

228676479_ETHDay.thumb.png.7e8c6552f75c72040dc8ef14bdd8b088.png

 

 

 


Elliott Wave Analysis TradingLounge 4H Chart, 31 August 2022, Ethereum(ETHUSD)
ETHUSD Elliott Wave Technical Analysis
Function: Counter trend
Mode: Corrective
Structure: Flat
Position: Wave (4)
Direction Next higher Degrees: Sub-wave in wave ((A)) of Zigzag Details: A decrease in wave ((A)) first increases in wave ((B)) and decreases again in wave ((C)).

Wave Cancel invalid Level:
Ethereum(ETHUSD)Trading Strategy: Wave ((B)) may end at the previous fourth wave. And the price wil fal again in wave ((C)), so it might be a good opportunity to look
for opportunities in short positions. short-term Ethereum(ETHUSD) Technical Indicators: The MA50 line crosses the MA200 line as a bearish signal.

The price may pull
back to test the MA200 resistance.

889600071_ETHH4.thumb.png.bfcdf119b59fe4ca93da3690be215bb1.png

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