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Theta Token(THETAUSD) Elliott Wave Technical Analysis 24 November 2022


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Elliott Wave Analysis TradingLounge Daily Chart, 24 November 2022,
Theta Token(THETAUSD)
THETAUSD Elliott Wave Technical Analysis
Function: Follow trend
Mode: Motive
Structure: Diagonal
Position: Wave 5
Direction Next higher Degrees: wave (5) of Motive
Details: Diagonal pattern at the end of the trend, When is complete the price rising again
Wave Cancel invalid Level: 0.801

Theta Token(THETAUSD) Trading Strategy: price continues to be under heavy selling
pressure, below the MA200 MA50, indicating a strong downtrend. The wave oscillator
is below the zero line with decreasing momentum. but even so, The bullish
divergence is showing signs of reversal, so the overall price is likely to reverse again.
And the price is expected to trade above 1.400, but not reverse below 0.801
Theta Token(THETAUSD) Technical Indicators: The price is below the MA200 MA50,
indicating a clear downtrend. The Wave oscillator is below the Zero-Line is a bearish
momentum.
TradingLounge Analyst: Kittiampon Somboonsod





Elliott Wave Analysis TradingLounge 4H Chart, 24 November 2022,
Theta Token(THETAUSD)
THETAUSD Elliott Wave Technical Analysis
Function: Follow trend
Mode: Motive
Structure: Diagonal
Position: Wave 5
Direction Next higher Degrees: wave (5) of Motive
Details: Diagonal pattern at the end of the trend, When is complete the price rising again
Wave Cancel invalid Level: 0.801

Theta Token(THETAUSD) Trading Strategy:price continues to be under heavy selling
pressure, below the MA200 MA50, indicating a strong downtrend. The wave oscillator
is below the zero line with decreasing momentum. but even so, The bullish
divergence is showing signs of reversal, so the overall price is likely to reverse again.
And the price is expected to trade above 1.400, but not reverse below 0.801
Theta Token(THETAUSD) Technical Indicators: The price is below the MA200 MA50,
indicating a clear downtrend. The Wave oscillator has a Bullish divergence Price
maybe reversal.

Theta h4.png

Theta day.png

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