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


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Elliott Wave Analysis TradingLounge Daily Chart, 27 March 23,  

Ethereum /U.S.dollar(ETHUSD)

ETHUSD Elliott Wave Technical Analysis 

Function: Follow trend

Mode: Motive

Structure: Impulse

Position: Wave III

Direction Next higher Degrees: wave (I) of Motive

Details: Wave 3 equals 1.618 multiplied Length of wave 1 at 2943.53

Wave Cancel invalid level: 1073.42

Ethereum /U.S.dollar(ETHUSD)Trading Strategy: Ethereum coin is developing in wave III and is trending 1.618 times wave I at 2943. Also, price recovering from support at MA200 support this idea. Therefore, the overall picture is still in a continuous uptrend. but must not go back down below 1369.79

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, CEWA

 

ETHDay.thumb.png.8cc089c7a86a62b7ff19322bcca2cd91.png

 

 

Elliott Wave Analysis TradingLounge 4H Chart, 26 March 23,  

Ethereum /U.S.dollar(ETHUSD)

Elliott Wave Technical Analysis

Function: Follow trend

Mode: Motive

Structure: Impulse

Position: Wave (3)

Direction Next higher Degrees: wave ((3)) of Motive

Details: Wave 3 equals 1.618 multiplied Length of wave 1  

Wave Cancel invalid level: 1369

Ethereum /U.S.dollar(ETHUSD)Trading Strategy: Ethereum coin is developing in wave III and is trending 1.618 times wave I at 2386.9. Also, price recovering from support at MA200 support this idea. Therefore, the overall picture is still in a continuous uptrend. but must not go back down below 1369.79.

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.

ETHH4.thumb.png.bdfdfac4f5d40defae419645ddc7c5eb.png

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