Ethereum(ETHUSD) Elliott Wave Analysis 1 September 2022

[tradinglounge]

Elliott Wave Analysis TradingLounge Daily Chart, 1 September 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 Analyst: Kittiampon Somboonsod

 

 

Elliott Wave Analysis TradingLounge 4H Chart, 1 September 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 pul
back to test the MA200 resistance.