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Ethereum / U.S. dollar(ETHUSD) Elliott Wave Technical Analysis 3 November 23


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Elliott Wave Analysis TradingLounge Daily Chart, 3 November 23, 
Ethereum / U.S. dollar(ETHUSD)
ETHUSD Elliott Wave Technical Analysis 
Function: Follow Trend
Mode: Motive
Structure: Impulse
Position: Wave ((3))
Direction Next higher Degrees: wave 1 of Impulse 
Wave Cancel invalid level: 
Details: The correction is likely to end at the level of 1520. A five-wave increase supports this idea.

Ethereum / U.S. dollar(ETHUSD)Trading Strategy: The correction in wave ((2)) is likely to end at the level of 1520.85, and the five-wave increase will support this idea. Therefore, we are waiting for another correction to join the trend.

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

TradingLounge Analyst: Kittiampon Somboonsod, CEWA





Elliott Wave Analysis TradingLounge 4H Chart, 3 November 23,  
Ethereum / U.S. dollar(ETHUSD)
ETHUSD Elliott Wave Technical Analysis  
Function: Follow Trend
Mode: Motive
Structure: Impulse
Position: Wave 1
Direction Next higher Degrees: wave 1 of Impulse 
Wave Cancel invalid level: 
Details:  Wave 1 May End at 1875 and Moves to Corrective of wave 2.

Ethereum / U.S. dollar(ETHUSD)Trading Strategy: The correction in wave ((2)) is likely to end at the level of 1520.85, and the five-wave increase will support this idea. Therefore, we are waiting for another correction to join the trend.

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

 

 

Crypto23(1).thumb.png.b2d571f6f2e4153a3c88e0b6665d95c3.png

 

Crypto23.thumb.png.92e8d943252a8e32eb6cb413dea25abe.png

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