Ethereum (ETHUSD) Elliott Wave Technical Analysis 27 October 2022

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Elliott Wave Analysis TradingLounge Daily Chart, 27 October 2022,

Ethereum (ETHUSD)

ETHUSD Elliott Wave Technical Analysis

Function: Follow trend

Mode: Motive

Structure: Impulse

Position: Wave 3

Direction Next higher Degrees: Sub-wave of Wave (1)

Details: The increment of wave 3 is usually 2.618 x wave 1.

Wave Cancel invalid Level: 1346

Ethereum (ETHUSD) Trading Strategy: The rise of Wave 3 Extension, usually 2.618 x

wave 1, tends to coincide with the MA200 line, a key resistance that may give short-term

throwback prices.

Ethereum (ETHUSD) Technical Indicators: MACD and MACD Histogram above

Zero-Line, The price Bullish momentum.

Tradinglounge analyst : Kittiampon Somboonsod

 

 

 

Ethereum (ETHUSD)

ETHUSD Elliott Wave Technical Analysis

Function: Follow trend

Mode: Motive

Structure: Impulse

Position: Wave 3

Direction Next higher Degrees: Sub-wave of Wave (1)

Details: The increment of wave 3 is usually 2.618 x wave 1.

Wave Cancel invalid Level: 1346

Ethereum (ETHUSD) Trading Strategy: The rise of Wave 3 Extension, usually 2.618 x

wave 1, At the end, the price reverses again in wave 4 and rises again in wave 5. This could

be a short-term trading opportunity in an uptrend.

Ethereum (ETHUSD) Technical Indicators: MACD and MACD Histogram above

Zero-Line, The price Bullish momentum.