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Ethereum(ETHUSD) Elliott Wave Technical Analysis 7 September 2022


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Elliott Wave Analysis TradingLounge Daily Chart, 7 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: The price range tends to test resistance at MA50 Line and continue downward in wave C, providing a short-term trading opportunity in the downtrend.

Ethereum(ETHUSD) Technical Indicators: MACD Line cross Signal Line at Zero line is Reversal signal
TradingLounge Analyst: Kittiampon Somboonsod

1962828688_ETHDay.thumb.png.7e5e85d9ba715bd50be9b6125cd9dbde.png

 

 

 


Elliott Wave Analysis TradingLounge 4H Chart, 7 September 2022, Ethereum(ETHUSD)
AAVEUSD Elliott Wave Technical Analysis
Function: Counter trend
Mode: Corrective
Structure: Zigzag
Position: Wave ((B))
Direction Next higher Degrees: Wave II of Motive Details: The rise of wave ((B)), upon completion, the price will fall again on wave ((C)).

Wave Cancel invalid Level: 45.770757
Ethereum(ETHUSD)Trading Strategy: The price range tends to test resistance at MA200 Line and continue downward in wave C, providing a short-term trading opportunity in the downtrend.

Ethereum(ETHUSD) Technical Indicators: MACD Histogram has a Bearish divergence, the price has opportunity reversal.

1417901514_ETHH4.thumb.png.6929fbba10b202c7d4dd985c89a17fde.png

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