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THETA Token/ U.S. dollar(THETAUSD) Elliott Wave Technical Analysis 4 December 23


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Elliott Wave Analysis TradingLounge Daily Chart, 4 December 23,

THETA Token/ U.S. dollar(THETAUSD)

THETAUSD Elliott Wave Technical Analysis

Function: Counter trend

Mode: Corrective

Structure: Zigzag

Position: Wave (2)

Direction Next higher Degrees: wave ((2)) of Impulse

Wave Cancel invalid Level:

Details: Retracement of wave ((2)) usually .50 or .618 x Length wave ((1))

THETA Token/ U.S. dollar(THETAUSD)Trading Strategy :Theta Token recovered well from the level of 0.5562 and extended its five waves in the upward direction. As a result, the downtrend may end at the level of 0.562. Currently, the price is in the range of correction before increasing again. and there is a chance to test the level of 0.801.

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

TradingLounge Analyst: Kittiampon Somboonsod, CEWA

 

 

df452fe2340a84599f3edef52b460f6f

 

 

 

Elliott Wave Analysis TradingLounge 4H Chart, 4 December 23,

THETA Token/ U.S. dollar(THETAUSD)

THETAUSD Elliott Wave Technical Analysis

Function: Counter trend

Mode: Corrective

Structure: Zigzag

Position: Wave (2)

Direction Next higher Degrees: wave ((2)) of Impulse

Wave Cancel invalid Level:

Details: Retracement of wave ((2)) usually .50 or .618 x Length wave ((1))

THETA Token/ U.S. dollar(THETAUSD)Trading Strategy :Theta Token recovered well from the level of 0.5562 and extended its five waves in the upward direction. As a result, the downtrend may end at the level of 0.562. Currently, the price is in the range of correction before increasing again. and there is a chance to test the level of 0.801.

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

 

0ab8440312acd3d1c4265d2ae0090785

 

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  • 3 weeks later...
On 04/12/2023 at 10:06, tradinglounge said:

Elliott Wave Analysis TradingLounge Daily Chart, 4 December 23,

THETA Token/ U.S. dollar(THETAUSD)

THETAUSD Elliott Wave Technical Analysis

Function: Counter trend

Mode: Corrective

Structure: Zigzag

Position: Wave (2)

Direction Next higher Degrees: wave ((2)) of Impulse

Wave Cancel invalid Level:

Details: Retracement of wave ((2)) usually .50 or .618 x Length wave ((1))

THETA Token/ U.S. dollar(THETAUSD)Trading Strategy :Theta Token recovered well from the level of 0.5562 and extended its five waves in the upward direction. As a result, the downtrend may end at the level of 0.562. Currently, the price is in the range of correction before increasing again. and there is a chance to test the level of 0.801.

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

TradingLounge Analyst: Kittiampon Somboonsod, CEWA

 

 

df452fe2340a84599f3edef52b460f6f

 

 

 

Elliott Wave Analysis TradingLounge 4H Chart, 4 December 23,

THETA Token/ U.S. dollar(THETAUSD)

THETAUSD Elliott Wave Technical Analysis

Function: Counter trend

Mode: Corrective

Structure: Zigzag

Position: Wave (2)

Direction Next higher Degrees: wave ((2)) of Impulse

Wave Cancel invalid Level:

Details: Retracement of wave ((2)) usually .50 or .618 x Length wave ((1))

THETA Token/ U.S. dollar(THETAUSD)Trading Strategy :Theta Token recovered well from the level of 0.5562 and extended its five waves in the upward direction. As a result, the downtrend may end at the level of 0.562. Currently, the price is in the range of correction before increasing again. and there is a chance to test the level of 0.801.

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

 

0ab8440312acd3d1c4265d2ae0090785

 

It's not stopping, a little retracement is needed ☹️

IMG_20231226_084456.jpg

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