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


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Elliott Wave Analysis TradingLounge Daily Chart, 23 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 have ended and prices are entering. Correction in Wave 2

Ethereum/ U.S. dollar(ETHUSD)Trading Strategy: The rise in wave(1) appears to have ended at the level of 2136.53 and the price is entering a period of correction in wave(2), where Retracement of wave (2)usually .50 or .618 x Length. wave (1) Therefore, Ethereum's outlook remains bullish. The retracement is only a short term rally to continue the wave (3).

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

TradingLounge Analyst: Kittiampon Somboonsod, CEWA

 

 

0e9710eb1bc64b65dca96d540a07ff71

 

 

 

Elliott Wave Analysis TradingLounge 4H Chart, 23 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 have ended and prices are entering. Correction in Wave 2

Ethereum/ U.S. dollar(ETHUSD)Trading Strategy: The rise in wave(1) appears to have ended at the level of 2136.53 and the price is entering a period of correction in wave(2), where Retracement of wave (2)usually .50 or .618 x Length. wave (1) Therefore, Ethereum's outlook remains bullish. The retracement is only a short term rally to continue the wave (3).

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

 

ecf083f98337315476c1073b14a1e55d

 

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  • 1 month later...
On 23/11/2023 at 10:35, tradinglounge said:

Elliott Wave Analysis TradingLounge Daily Chart, 23 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 have ended and prices are entering. Correction in Wave 2

Ethereum/ U.S. dollar(ETHUSD)Trading Strategy: The rise in wave(1) appears to have ended at the level of 2136.53 and the price is entering a period of correction in wave(2), where Retracement of wave (2)usually .50 or .618 x Length. wave (1) Therefore, Ethereum's outlook remains bullish. The retracement is only a short term rally to continue the wave (3).

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

TradingLounge Analyst: Kittiampon Somboonsod, CEWA

 

 

0e9710eb1bc64b65dca96d540a07ff71

 

 

 

Elliott Wave Analysis TradingLounge 4H Chart, 23 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 have ended and prices are entering. Correction in Wave 2

Ethereum/ U.S. dollar(ETHUSD)Trading Strategy: The rise in wave(1) appears to have ended at the level of 2136.53 and the price is entering a period of correction in wave(2), where Retracement of wave (2)usually .50 or .618 x Length. wave (1) Therefore, Ethereum's outlook remains bullish. The retracement is only a short term rally to continue the wave (3).

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

 

ecf083f98337315476c1073b14a1e55d

 

The resistance became support...

IMG_20231225_154033.jpg

IMG_20231225_154044.jpg

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