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Theta Token / U.S.dollar(THETAUSD) Elliott Wave Technical Analysis 30 January 23


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Elliott Wave Analysis TradingLounge Daily Chart, 30 January 23,  

Theta Token / U.S.dollar(THETAUSD)

THETAUSD Elliott Wave Technical Analysis 

Function: Follow trend  

Mode: Motive 

Structure: Impulse

Position: Wave ((1))

Direction Next higher Degrees: wave I of Motive

Wave Cancel invalid Level:

Theta Token/U.S.dollar(THETAUSD)Trading Strategy: Theta Token has recovered well from the 0.706 level and is on its way up to test MA200 resistance, if broken, signaling a weakening of the downtrend. As a result, the trend may change to an uptrend. And there is a trend towards the price target at the level of 1.711. This is just the start of an uptrend. Price may reverse before increasing again.

Theta Token/U.S.dollar(THETAUSD) Technical Indicators: The price is below the MA200, indicating a downtrend. The wave oscillators above Zero-Line Bullish momentum.

TradingLounge Analyst: Kittiampon Somboonsod

 

1383553334_Thetaday.thumb.png.716b7ead79ae04f00b77d22396b6712c.png

 

Elliott Wave Analysis TradingLounge 4H Chart, 30 January 23,  

Theta Token / U.S.dollar(THETAUSD)

THETAUSD Elliott Wave Technical Analysis 

Function: Follow trend  

Mode: Motive 

Structure: Impulse

Position: Wave (5)

Direction Next higher Degrees: wave ((1)) of Motive

Wave Cancel invalid Level: 0.706

Theta Token/U.S.dollar(THETAUSD) Trading Strategy: The Theta Token Rising of wave (5) is the last wave in the Moive wave which is a warning signal before price trend change or reversal. Beware of throwback in wave ((2)).

Theta Token/U.S.dollar(THETAUSD) Technical Indicators: The price is above the MA200, indicating an uptrend. The wave oscillators above Zero-Line Bullish momentum.

855661330_Thetah4.thumb.png.4e79bc9aee164c1685ceb908b0a309d5.png

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