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Ethereum/ U.S. dollar(ETHUSD) Elliott Wave Technical Analysis 23 February 24


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Elliott Wave Analysis TradingLounge Daily Chart, 23 February 24,

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 ((3)) of Impulse

Wave Cancel invalid level:

Ethereum/ U.S. dollar(ETHUSD)Trading Strategy:

Ethereum overall is still in an uptrend. Currently on the rise of the Impulse Wave, we are still missing two more moves to complete the pattern.

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

 

 

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Elliott Wave Analysis TradingLounge 4Hr Chart, 23 February 24,

Ethereum/ U.S. dollar(ETHUSD)

ETHUSD Elliott Wave Technical Analysis

Function: Follow Trend

Mode: Motive

Structure: Impulse

Position: Wave ((5))

Direction Next higher Degrees: wave 1 of Impulse

Wave Cancel invalid level:

Ethereum/ U.S. dollar(ETHUSD)Trading Strategy:

Ethereum overall is still in an uptrend. Currently on the rise of the Impulse Wave, we are still missing two more moves to complete the pattern.

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

 

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Thanks for sharing the Ethereum analysis! It's great to hear that Ethereum is still trending up. Looks like we're in the middle of a positive pattern with more moves to go. The indicators are looking good too, with the price above MA200 and bullish momentum on Wave Oscillators.

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