Jump to content

Theta Token/U.S. dollar(THETAUSD) Elliott Wave Technical Analysis 30 October 23


Recommended Posts

Elliott Wave Analysis TradingLounge Daily Chart, 30 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: Wave V maybe complete and five-wave rise will support idea.

Theta Token/U.S. dollar(THETAUSD)Trading Strategy: It looks like the correction is likely to end after the price recovered well from the 0.562 level, combined with Bullish Divergence signals, Theta Token is likely to reverse. We ourselves are looking at a five-wave increase to help support this idea.

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

TradingLounge Analyst: Kittiampon Somboonsod, CEWA






Elliott Wave Analysis TradingLounge 4H Chart, 30 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: Wave V maybe complete and five-wave rise will support idea.

Theta Token/U.S. dollar(THETAUSD)Trading Strategy: It looks like the correction is likely to end after the price recovered well from the 0.562 level, combined with Bullish Divergence signals, Theta Token is likely to reverse. Moreover, the increase in five waves supports this idea. A break below 0.5262 will give us another opportunity to join the uptrend.

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

 

Crypto23.thumb.png.eeda38f6c92391a4bc5894a8acbbafb0.png

Crypto23(1).thumb.png.1ab04683ce44fede220876d91bb044e8.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
  • image.png

  • Posts

    • If you had left a limit order based on the previous margin requirement, it's likely the system would've adjusted it to match the new rate once it changed. This helps prevent any unexpected margin calls. However, it's always wise to double-check your orders, especially when there are fluctuations in margin requirements. 
    • Just look at CZ's impact on Binance or Gracy Chen's leadership at Bitget. It's incredible how a visionary leader can propel an organization forward. Gracy Chen's track record speaks for itself – fourfold growth in two years is no small feat! With her at the helm, Bitget could indeed be on track to reach new heights.
    • Hey, have you all heard about this zkLink Nova project? It's supposed to be some next-level technology for Ethereum and Layer 2 networks, and I've been looking into it. I'm telling you, this could be massive! Alright, let me break it down for you. zkLink Nova is like an "Aggregated Layer 3 zkEVM Rollup network" built on top of zkSync's ZK Stack. I know, it sounds super technical, but hear me out. Basically, it's a way to integrate all the liquidity and assets from Ethereum and different Layer 2 rollups into one unified platform. Now, why is that a big deal, you ask? Well, right now, all these networks are like separate islands, you know what I mean? Their assets and liquidity are fragmented, and we have to use questionable bridges to move stuff around. It's a complete mess, and it opens up security risks like crazy. But with zkLink Nova, they're using some fancy zero-knowledge proof magic to let us access the combined liquidity without needing to bridge assets! Can you imagine that? It's like having one massive, happy DeFi playground with all the toys under one roof. No more hopping around networks or dealing with shady bridge protocols. Just pure, unified liquidity and assets at our fingertips. The possibilities for dApp developers with that kind of power are insane! And get this – the zkLink team has already lined up over 60 partners to help steer this Layer 3 ecosystem! We're talking big names like Coinbase Ventures and Arrington Capital, who have already invested a whopping $23M into the zkLink ecosystem's development. I'm telling you, this Nova thing could be a game-changer for the Ethereum and Layer 2 space. It's like they're solving one of the biggest headaches we've had in DeFi with all these incompatible networks. Oh, and here's the kicker – the $ZKL token, which is the native token for the zkLink ecosystem, is now available for premarket trade on Bitget! This could be our chance to get in early on what might become the backbone of a whole new era of DeFi interoperability. But I want to know what you all think. Are you buying into the zkLink Nova hype? Or do you think it's just another overhyped project promising the moon? Let me know your thoughts in the comments!
×
×
  • Create New...
us