Ethereum/U.S.dollar(ETHUSD) Elliott Wave Technical Analysis 17 April 23

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Elliott Wave Analysis TradingLounge Daily Chart, 17 April 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: ETH Remains in a Strong Uptrend It was able to keep above the MA200 and MA50 lines Thus, the view remains a steady rise of wave ((3)) that tends to be 1.618 times the length of wave ((1)) at levels 29043.53.

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

 

 

Elliott Wave Analysis TradingLounge 4H Chart, 17 April 23,  

Ethereum/U.S.dollar(ETHUSD)

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: AAVE Remains in a Strong Uptrend It was able to keep above the MA200 and MA50 lines Thus, the view remains a steady rise of wave (3) that tends to be 1.618 times the length of wave (1) at levels 2478.57.

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.