Theta Token/U.S. dollar(THETAUSD) Elliott Wave Technical Analysis 6 October 23

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Elliott Wave Analysis TradingLounge Daily Chart, 6 October 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: we looking for a decline in wave ((Z)), which has a trend trade below 0.581, the overview still is a downtrend from the price below MA200 makes to the price a continue down

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

TradingLounge Analyst: Kittiampon Somboonsod, CEWA





Elliott Wave Analysis TradingLounge 4H Chart, 6 October 23 
Theta Token/U.S. dollar(THETAUSD)
THETAUSD Elliott Wave Technical Analysis 
Function: Counter trend    
Mode: Corrective
Structure:  Triple Corrective
Position: Wave X
Direction Next higher Degrees: wave V of Diagonal
Wave Cancel invalid Level: 
Details: the corrective in Wave X before decline in Wave Z


Theta Token/U.S. dollar(THETAUSD)Trading Strategy: we looking for a decline in wave ((Z)), which has a trend trade below 0.581, the overview still is a downtrend from the price below MA200 makes to the price a continue down

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