Theta Token/U.S. dollar(THETAUSD) Elliott Wave Technical Analysis 24 July 23

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Elliott Wave Analysis TradingLounge Daily Chart, 24 July 23,  
Theta Token/U.S. dollar(THETAUSD)
Theta Usd Elliott Wave Technical Analysis 
Function: Counter trend    
Mode: Corrective
Structure: Zigzag
Position: Wave (C)
Direction Next higher Degrees: wave ((2)) of Impulse
Wave Cancel invalid Level: 0.571
Details: Retracement of wave ((2)) usually .50 or .618 x Length wave ((1)).

Theta Token/U.S. dollar(THETAUSD)Trading Strategy: increasing the current It has the nature of a correction, so we are after wave ((2)) green is not complete and the price tends to fall towards 78.6% of wave ((1)) green, wait for wave ((2)) to complete its turn to join the trend again.

Theta Token/U.S. dollar(THETAUSD)Technical Indicators: The price is Below the MA200 indicating a Down trend, Wave Oscillator are  bullish momentum.

TradingLounge Analyst: Kittiampon Somboonsod, CEWA





Elliott Wave Analysis TradingLounge 4H Chart, 24 July 23,  
Theta Token/U.S. dollar(THETAUSD)
THETAUSD Elliott Wave Technical Analysis 
Function: Counter trend    
Mode: Corrective
Structure: Zigzag
Position: Wave (C)
Direction Next higher Degrees: wave ((2)) of Impulse
Wave Cancel invalid Level: 0.571
Details: Retracement of wave ((2)) usually .50 or .618 x Length wave ((1))


Theta Token/U.S. dollar(THETAUSD)Trading Strategy: Increasing the current It has the nature of a correction, so we are after wave ((2)) green is not complete and the price tends to fall towards 78.6% of wave ((1)) green, wait for wave ((2)) to complete its turn to join the trend again.

Theta Token/U.S. dollar(THETAUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, Wave Oscillator are  bullish momentum.