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Etheruem/U.S. dollar(ETHUSD) Elliott Wave Technical Analysis 15 September 23


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Elliott Wave Analysis TradingLounge Daily Chart, 15 September 23, 

Etheruem/U.S. dollar(ETHUSD)

ETHUSD Elliott Wave Technical Analysis 

Function: Reactionary(Counter Trend)

Mode: Corrective

Structure: Flat

Position: Wave (C)

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

Wave Cancel invalid level: 1075.57

Details: Five waves expand to complete wave C. 131

Etheruem/U.S. dollar(ETHUSD)Trading Strategy: the overview still is a downtrend, but is a corrective in the short-term, we which still wait until wave C is complete for join an uptrend again is now we still is missing two move in waves 4th and 5th

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

TradingLounge Analyst: Kittiampon Somboonsod, CEWA

 

ETHDay.thumb.png.ebd0703326555b5ba1806e7e61640a92.png

 

 

Elliott Wave Analysis TradingLounge 4H Chart, 15 September 23,  

Etheruem/U.S. dollar(ETHUSD)

ETHUSD Elliott Wave Technical Analysis 

Function: Counter Trend

Mode: Corrective

Structure: Triangle

Position: Wave 4

Direction Next higher Degrees: wave (5) of Motive

Wave Cancel invalid level: 

Details: we are still missing two moves for a triangle to be complete

Etheruem/U.S. dollar(ETHUSD)Trading Strategy: the overview still is a downtrend, but is a corrective in the short-term, we which still wait until wave C is complete for join an uptrend again is now we still is missing two move in waves 4th and 5th

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

ETHH4.thumb.png.5bde6bab54b0a6ad77e2d99d92c65444.png

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