Theta Token/U.S. dollar(THETAUSD) Elliott Wave Technical Analysis 20 September 23

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Elliott Wave Analysis TradingLounge Daily Chart, 20 September 23, 

Theta Token/U.S. dollar(THETAUSD)

THETAUSD Elliott Wave Technical Analysis 

Function: Follow trend    

Mode: Motive

Structure: Diagonal 

Position: Wave V

Direction Next higher Degrees: wave (C) of Zigzag

Wave Cancel invalid Level: 

Details: The fall of the V wave is the last in a series of five waves. Warning before correction or trend change

Theta Token/U.S. dollar(THETAUSD)Trading Strategy: the overview downtrend of Theta Token does not end, by the price still below MA200, MA50 Line and Wave ((C)) is not complete, we look for the price at below 0.566

Theta Token/U.S. dollar(THETAUSD)Technical Indicators: The price is a below the MA200 indicating a downtrend, RSI is a Bullish Momentum

TradingLounge Analyst: Kittiampon Somboonsod, CEWA

 

 

Elliott Wave Analysis TradingLounge 4H Chart, 20 September 23,  

Theta Token/U.S. dollar(THETAUSD)

THETAUSD Elliott Wave Technical Analysis 

Function: Counter trend    

Mode: Corrective

Structure: Triangle  

Position: Wave E

Direction Next higher Degrees: wave (4) of Impulse

Wave Cancel invalid Level: 

Details: Movement within a triangle When a triangle end the price fall down again in wave (5)

Theta Token/U.S. dollar(THETAUSD)Trading Strategy: the overview downtrend of Theta Token does not end, by the price still below MA200, MA50 Line and Wave ((C)) is not complete, we look for the price at below 0.566

Theta Token/U.S. dollar(THETAUSD)Technical Indicators: The price is a below the MA200 indicating a downtrend, RSI is a Bullish Momentum