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Theta token/ U.S. dollar(THETAUSD) Elliott Wave Technical Analysis 12 December 23


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Elliott Wave Analysis TradingLounge Daily Chart, 12 December 23,

Theta token/ U.S. dollar(THETAUSD)

THETAUSD Elliott Wave Technical Analysis

Function: Counter trend

Mode: Corrective

Structure: Flat

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 is likely to rise due to the increase in the Impulse Wave price structure. Overall, it is still in an uptrend. And a five-wave rise above the 1.207 level supports this idea.

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

 

 

9961d0d7c95531c50b47c16750c11310

 

 

 

Elliott Wave Analysis TradingLounge 4H Chart, 12 December 23,

Theta token/ U.S. dollar(THETAUSD)

THETAUSD Elliott Wave Technical Analysis

Function: Counter trend

Mode: Corrective

Structure: Flat

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 is likely to rise due to the increase in the Impulse Wave price structure. Overall, it is still in an uptrend. And a five-wave rise above the 1.207 level supports this idea.

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

 

ddd9f919daa0827f6783b3773bd4ca2d

 

Link to comment
On 12/12/2023 at 10:21, tradinglounge said:

Elliott Wave Analysis TradingLounge Daily Chart, 12 December 23,

Theta token/ U.S. dollar(THETAUSD)

THETAUSD Elliott Wave Technical Analysis

Function: Counter trend

Mode: Corrective

Structure: Flat

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 is likely to rise due to the increase in the Impulse Wave price structure. Overall, it is still in an uptrend. And a five-wave rise above the 1.207 level supports this idea.

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

 

 

9961d0d7c95531c50b47c16750c11310

 

 

 

Elliott Wave Analysis TradingLounge 4H Chart, 12 December 23,

Theta token/ U.S. dollar(THETAUSD)

THETAUSD Elliott Wave Technical Analysis

Function: Counter trend

Mode: Corrective

Structure: Flat

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 is likely to rise due to the increase in the Impulse Wave price structure. Overall, it is still in an uptrend. And a five-wave rise above the 1.207 level supports this idea.

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

 

ddd9f919daa0827f6783b3773bd4ca2d

 

Thanks for this detailed analysis... Grabbed some at yesterday's dip🙏

IMG_20231219_072523.jpg

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