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Ethereum /U.S.dollar(ETHUSD) Elliott Wave Technical Analysis 27 February 23


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Elliott Wave Analysis TradingLounge Daily Chart, 27 February 23,

Ethereum /U.S.dollar(ETHUSD)

ETHUSD 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: 1073.42

 Ethereum /U.S.dollar(ETHUSD)Trading Strategy: Wave ((5)) is likely to end at 1742.50, but a five-wave movement from 1742.50 is still missing to confirm this notion. We can still expect a rally above 1742.50, but even so be wary of a reversal in wave II as the Wave Oscillator is signaling a Bearish Divergence.

 Ethereum /U.S.dollar(ETHUSD)Technical Indicators: The price is above the MA200 indicating an uptrend. The wave oscillators above Zero-Line momentum are Bullish.

TradingLounge Analyst: Kittiampon Somboonsod

 

ETHDay.thumb.png.637224f44f7d814fdcb9f22556de7264.png

 

 

 

Elliott Wave Analysis TradingLounge 4H Chart, 27 February 23,  

Ethereum /U.S.dollar(ETHUSD)

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: 1462

 Ethereum /U.S.dollar(ETHUSD) Trading Strategy: Wave ((5)) is likely to end at 1742.50, but a five-wave movement from 1742.50 is still missing to confirm this notion. We can still expect a rally above 1742.50, but even so be wary of a reversal in wave II as the Wave Oscillator is signaling a Bearish Divergence.

 Ethereum /U.S.dollar(ETHUSD) Technical Indicators: he price is above the MA200 indicating an uptrend. The wave oscillators Below Zero-Line momentum are Bearish.

ETHH4.thumb.png.efbff6c7a6ac045a8c5cac3407fc27bd.png

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