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Ethereum/U.S.dollar(ETHUSD) Elliott Wave Technical Analysis 21 June 23


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Elliott Wave Analysis TradingLounge Daily Chart, 21 June 23,  

Ethereum/U.S.dollar(ETHUSD)

NEOUSD Elliott Wave Technical Analysis

Function: Reactionary(Counter Trend)

Mode: Corrective

Structure: Double Corrective

Position: Wave ((Y))

Direction Next higher Degrees: Wave II of Motive

Details: Wave II may have ended at the level of 6.97. Five waves of rise will support this idea.

Wave Cancel invalid Level: 5.91

Ethereum/U.S.dollar(ETHUSD)Trading Strategy: Ethereum Wave ((2)) is likely to end at the 1620.15 level, which is enough to reverse Wave((2)) in line with a rebound through the MA200, making our predictions. five-wave movement to support this concept And it could be the start of a new uptrend.

Ethereum/U.S.dollar(ETHUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, Wave Oscillator has a Bullish momentum.

TradingLounge Analyst: Kittiampon Somboonsod, CEWA

 

ETHDay.thumb.png.24bc05c1c7c74d45d4e1abe193fbf6c1.png

 

 

Elliott Wave Analysis TradingLounge 4H Chart, 21 June 23,  

Ethereum/U.S.dollar(ETHUSD)

NEOUSD Elliott Wave Technical Analysis

Function: Reactionary(Counter Trend)

Mode: Follow Trend

Structure: Motive

Position: Wave 2

Direction Next higher Degrees: Wave (1) of Motive

Details: Wave 2 reversal has a probability of .618 x length Wave ((1)).

Wave Cancel invalid Level: 6.95

Ethereum/U.S.dollar(ETHUSD)Trading Strategy: Ethereum Wave ((2)) is likely to end at the 1620.15 level, which is enough to reverse Wave((2)) in line with a rebound through the MA200, making our predictions. five-wave movement to support this concept And it could be the start of a new uptrend.

Ethereum/U.S.dollar(ETHUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, Wave Oscillator has a Bullish momentum.

ETHH4.thumb.png.9c78c70fd1d004489e57366a6a750d0a.png

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