Jump to content

Ethereum/U.S. dollar(ETHUSD) ETHUSD Elliott Wave Technical Analysis 11 October 23


Recommended Posts

Elliott Wave Analysis TradingLounge Daily Chart, 11 October 23
Ethereum/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: Wave ((2)) trend move to 61.8% of wave ((1)) at 1483.10

Ethereum/U.S. dollar(ETHUSD)Trading Strategy:  We are still considering the end of Wave C, retesting the 61.8% support of Wave (1) at 1483.10. Prices are still in a downtrend. But it's in the final stages of a decline, so waiting for Logic to buy is probably a better idea.

Ethereum/U.S. dollar(ETHUSD)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, 11 October 23
Ethereum/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: Wave ((2)) trend move to 61.8% of wave ((1)) at 1483.10

Ethereum/U.S. dollar(ETHUSD)Trading Strategy:  We are still considering the end of Wave C, retesting the 61.8% support of Wave (1) at 1483.10. Prices are still in a downtrend. But it's in the final stages of a decline, so waiting for Logic to buy is probably a better idea.

Ethereum/U.S. dollar(ETHUSD)Technical Indicators: The price is below the MA200 indicating a downtrend,  RSI is a Bearish Momentum.

Crypto23.thumb.png.0ba71e9ad6ee9f0819891cf6df139901.png

Crypto 23 (1).png

Link to comment
  • 2 months later...

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
×
×
  • Create New...
us