Jump to content

Ethereum/U.S. dollar(ETHUSD) Elliott Wave Technical Analysis 31 July 23


Recommended Posts

Elliott Wave Analysis TradingLounge Daily Chart, 31 July 23,  

Ethereum/U.S. dollar(ETHUSD)

ETHUSD Elliott Wave Technical Analysis 

Function: Reactionary(Counter Trend)

Mode: Corrective

Structure: Zigzag

Position: Wave (C)

Direction Next higher Degrees: wave ((2)) of Motive

Details: Retracement of wave ((2)) usually .50 or .618 x Length wave ((1))

Wave Cancel invalid level: 1620.15

Ethereum/U.S. dollar(ETHUSD)Trading Strategy: It appears that the correction in wave (2) blue has sufficient retracement levels. There is a possibility that the price will end at the level of 1833.39 and a five-wave rise will confirm this idea.

Ethereum/U.S. dollar(ETHUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, Wave Oscillator are Bearish momentum.

TradingLounge Analyst: Kittiampon Somboonsod, CEWA

 

ETHDay.thumb.png.fd4d32a000e4eabcd6eb401a844889ed.png

 

 

Elliott Wave Analysis TradingLounge 4H Chart, 31 July 23,  

Ethereum/U.S. dollar(ETHUSD)

ETHUSD Elliott Wave Technical Analysis 

Function: Reactionary(Counter Trend)

Mode: Corrective

Structure: Zigzag

Position: Wave (C)

Direction Next higher Degrees: wave ((2)) of Motive

Details: We are considering ending wave ((2)) from rising above 1905.41 level.

Wave Cancel invalid level: 1620.15

Ethereum/U.S. dollar(ETHUSD)Trading Strategy: It appears that the correction in wave (2) blue has sufficient retracement levels. There is a possibility that the price will end at the level of 1833.39, a five-wave rise and a break of 1905.41 will confirm this idea.

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

ETHH4.thumb.png.7b09a385bfad6369f27a0e0ed5b422e6.png

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • General Statistics

    • Total Topics
      23,042
    • Total Posts
      95,433
    • Total Members
      43,655
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    JustinTimeTunes
    Joined 29/09/23 19:22
  • Posts

    • The crypto market appears to be showing signs of recovery, with significant improvements in the Sharpe Ratios of Bitcoin, BGB, and Ethereum, according to an article published on Friday.  The Sharpe Ratio, a measure used to understand the return of an investment compared to its risk, has seen a notable increase for both cryptocurrencies. Bitcoin's Sharpe Ratio has risen from -2.4 to 0.68, while Ethereum and BGB have also experienced a similar uptrend. This change signifies higher returns at lower risk, which is expected to attract more investors to the crypto market. In addition to the improved Sharpe Ratios, increased network activity and trading volume as shown on CEXs like Bitget, Binance, and a few DEXs are suggesting a healthier market state. The current trading prices of Bitcoin, reflect this overall positive market sentiment. As of Friday, Bitcoin was trading at $27,069.73, BGB at $0.454 and Ethereum at $1,677.89. These developments are significant as they indicate reduced risk in the crypto market. The increase in the Sharpe Ratios for Bitcoin, BGB, and Ethereum suggests that these cryptocurrencies are becoming less risky investments, which could potentially lead to an influx of new investors into the market.  Could this rise in Sharpe Ratios coupled with increased network activity and trading volume point towards a recovering and less risky crypto market?
    • Hi, That's great, thank you very much. Very helpful! Many thanks.
    • Texas Instruments Inc., Elliott Wave Technical Analysis Texas Instruments Inc., (TXN:NASDAQ): Daily Chart, 29 September 23 TXN Stock Market Analysis: We have been moving lower as expected from the previous forecast. Looking for continuation lower as there is an incomplete bullish sequence. Looking for extension lower in wave {iii}. Downside target stands below wave (W). TXN Elliott Wave Count: Wave {iii} of C. TXN Technical Indicators: Below al averages.   TXN Trading Strategy: Looking for shorts on the way down.   TradingLounge Analyst: Alessio Barretta Source : Tradinglounge.com get trial here!       Texas Instruments Inc., TXN: 4-hour Chart, 29 September 23 Texas Instruments Inc., Elliott Wave Technical Analysis TXN Stock Market Analysis: As we are getting an overlapping structure in what could be a wave {iii} there is a high chance we will see an acceleration lower to then see a series of fours and fives.   TXN Elliott Wave count:  Wave (iii) of {iii}. TXN Technical Indicators: 20EMA as resistance. TXN Trading Strategy: Looking for shorts on the way down.
×
×
  • Create New...
us