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Theta Token /U.S.dollar(THETAUSD) Elliott Wave Technical Analysis 26 May 23


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Elliott Wave Analysis TradingLounge Daily Chart, 26 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: The retracement of wave II is already at a sufficient level. Wave II is likely to end at the level of 0.817, a five-wave rise. From this point on, it supports this idea. But the price is still in control of the bear market. Trading still needs to be done with caution.


Theta Token /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







Elliott Wave Analysis TradingLounge 4H Chart, 26 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: The retracement of wave II is already at a sufficient level. Wave II is likely to end at the level of 0.817, a five-wave rise. From this point on, it supports this idea. But the price is still in control of the bear market. Trading still needs to be done with caution.


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

Thetah4.thumb.png.af0d0c9349b8e4e0eefbc125389e18b0.png

Theta day.png

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