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TheTa Token/U.S.dollar(THETAUSD) Elliott Wave Technical Analysis 22 May 23


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Elliott Wave Analysis TradingLounge Daily Chart, 22 May 23,  

TheTa Token/U.S.dollar(THETAUSD)

THETAUSD Elliott Wave Technical Analysis 

Function: Reactionary(Counter Trend)

Mode: Corrective

Structure: Double corrective

Position: Wave ((Y))

Direction Next higher Degrees: wave II of Impulse

Wave Cancel invalid Level: 0.706

Details: : Trend Retracement of wave II usually .786 x Length wave I.

TheTa Token/U.S.dollar(THETAUSD)Trading Strategy: There is still a risk of a correction of wave (2), which corresponds to prices below the MA200 line indicating a downtrend. before rising again Wait for the correction to complete.

TheTaToken/U.S.dollar(THETAUSD)Technical Indicators: The price is below the MA200 indicating a downtrend MACD and RSI are Bearish momentum.

TradingLounge Analyst: Kittiampon Somboonsod, CEWA

 

Thetaday.thumb.png.54e71e9c1cb542807904fd43a3d496f0.png

 

Elliott Wave Analysis TradingLounge 4H Chart, 22 May 23,  

TheTa Token/U.S.dollar(THETAUSD)

THETAUSD Elliott Wave Technical Analysis 

Function: Reactionary(Counter Trend)

Mode: Corrective

Structure: Double corrective

Position: Wave ((Y))

Direction Next higher Degrees: wave II of Impulse

Wave Cancel invalid Level: 0.706

Details: : Trend Retracement of wave II usually .786 x Length wave I.

TheTa Token/U.S.dollar(THETAUSD)Trading Strategy: There is still a risk of a correction of wave (2), which corresponds to prices below the MA200 line indicating a downtrend. before rising again Wait for the correction to complete.

TheTaToken/U.S.dollar(THETAUSD)Technical Indicators: The price is below the MA200 indicating a downtrend MACD and RSI are Bearish momentum.

Thetah4.thumb.png.74fd61e21dc8c080f80ed4d0d94dfc6b.png

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