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Ethereum(ETHUSD) Elliott Wave Technical Analysis 26 September 2022


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Elliott Wave Analysis TradingLounge Daily Chart, 26 September 2022, Ethereum(ETHUSD)
ETHUSD Elliott Wave Technical Analysis
Mode: Corrective
Structure: Zigzag
Position: Wave ((C))
Direction Next higher Degrees: Impulse wave II
Details: Wave ((C)) maybe is complete, and the price may rise again Wave Cancel invalid Level: 1220
Ethereum(ETHUSD) Trading Strategy: Bul Market Efforts The price tends to trade above the 2031.39 level as MACD Histogram has a Bul ish divergence, and the price has an opportunity reversal, This could be an opportunity to open a long position.

Ethereum(ETHUSD)Technical Indicators: MACD and MACDHistogram has a Bullish divergence, and the price has an opportunity reversal.

TradingLounge Analyst: Kittiampon Somboonsod

 

1939767465_ETHDay.thumb.png.d42ceb0367e4ec82844edb27f9b93518.png

 

 

 


Elliott Wave Analysis TradingLounge 4H Chart, 26 September 2022,
Ethereum(ETHUSD)
ETHUSD Elliott Wave Technical Analysis
Mode: Corrective
Structure: Zigzag
Position: Wave ((C))
Direction Next higher Degrees: Impulse wave II
Details: Wave ((C)) maybe is complete, and the price may rise again Wave Cancel invalid Level: 1220
Ethereum(ETHUSD) Trading Strategy: Bul Market Efforts The price tends to trade above the 2031.39 level as MACD and MACD Histogram has a Bul ish divergence, and the price has an opportunity reversal, This could be an opportunity to open a long position.

Ethereum(ETHUSD) Technical Indicators: MACD and MACDHistogram has a Bullish divergence, and the price has an opportunity reversal.
1839739697_ETHH4.thumb.png.f97b63331507cf3bba66aa3cef34ca8b.png

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    • As a meme fan, I have been waiting patiently for the Bull trend that happened to BTC recently to get to all the alts and so we can have what we had back then in 2021 to happen again, but time the strength of the uptrend has not been able to match up with what I am expecting and I do hope that the halving will help, but looking at the hype that is usually expected from the meme community. I don't think I'll be able to wait for the trend to resume and so I am taking more steps ahead of the game, taking up all the opportunities I believe would help the price-trend of my holdings, especially for the DOGE memes and I have found this DOGEDAY event ongoing and it really made a lot of sense to me, because if we look at how the DOGE coins have performed in the past. I believe if we can have a Bitcoin day to celebrate the first cryptocurrency, then we should be able to have a DOGEDAY too looking at the success rate of the meme and the support from the community. For me, this is something special that is worth the energy, vibes and hype and worth participating it. There are different sections to the event, which include the Twitter part, where Bitget is sharing $3,00 to those participating( https://twitter.com/bitgetglobal/status/1780495739984150962Twitter Post ) and the telegram event, and I believe this will favour those that love to bet on the price of coins. They are sharing 100BGB tokens for this and the Discord event has a 90BGB token to be shared.  If we can have Bitcoin's day, then this DOGEDAY should be observed in all the DOGE communities and I will admonish meme lovers to observe events like this because it reflects the nature of memecoin and the hype around it.
    • Would love to grab it below 100!
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