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Ethereum Crypto Price News Today Elliott Wave Technical Analysis


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Elliott Wave Analysis TradingLounge Daily Chart,
Ethereum/ U.S. dollar(ETHUSD)
ETHUSD Elliott Wave Technical Analysis
Function: Counter Trend
Mode: Corrective
Structure: Triangle
position: Wave C
Direction Next higher Degrees: wave (4)
Wave Cancel invalid level: 2818
Details: Movement within the Triangle pattern.

Ethereum/ U.S. dollar(ETHUSD)Trading Strategy:
Movement within the Triangle pattern before price re-enters the main trend. We still have two moves left in waves D and E, so wait for the correction to complete to rejoin the main trend.

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


Elliott Wave Analysis TradingLounge H4 Chart,
Ethereum/ U.S. dollar(ETHUSD)
ETHUSD Elliott Wave Technical Analysis
Function: Counter Trend
Mode: Corrective
Structure: Triangle
position: Wave C
Direction Next higher Degrees: wave (4)
Wave Cancel invalid level: 2818
Details: Movement within the Triangle pattern.

Ethereum/ U.S. dollar(ETHUSD)Trading Strategy:
Movement within the Triangle pattern before price re-enters the main trend. We still have two moves left in waves D and E, so wait for the correction to complete to rejoin the main trend.

Ethereum/ U.S. dollar(ETHUSD)Technical Indicators: The price is below the MA200 indicating a downtrend, The Wave Oscillator is a Bearish Momentum.

 

Crypto24(1).thumb.png.2ea8ac51ca1473bf555a635c3cb1ef1d.png

Crypto24.thumb.png.0e69f97d0a121f0e583b9f64df7287f6.png

 

Technical Analyst Kittiampon Somboonsod

Source : Tradinglounge.com get trial here!

 

Edited by tradinglounge
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