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

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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.