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Elliott Wave Analysis TradingLounge Daily Chart, 2 April 2024.
Theta Token/ U.S. dollar(THETAUSD)
THETAUSD Elliott Wave Technical Analysis
Function: Counter trend
Mode: Corrective
Structure: Flat
Position: Wave ((B))
Direction Next higher Degrees: wave I of Impulse
Wave Cancel invalid Level:
Details: the corrective of Wave 4 has a trend to 38.2% of Wave 3 Theta Token/ U.S. dollar(THETAUSD)Trading Strategy:Theta Token is still in an uptrend. With the Impulse style movement, we are still missing two more moves to complete the style. in the fourth wave decline and increase again in the fifth wave. And currently prices are correcting in the fourth wave. It is likely to go down to test 2.168, waiting for the correction to complete to join the trend again.Theta Token/ U.S. dollar(THETAUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, The Wave Oscillator is a bullish MomentumElliott Wave Analysis TradingLounge 4H Chart, 2 April 2024,
Theta Token/ U.S. dollar(THETAUSD)
THETAUSD Elliott Wave Technical Analysis
Function: Counter trend
Mode: Corrective
Structure: Flat
Position: Wave ((B))
Direction Next higher Degrees: wave I of Impulse
Wave Cancel invalid Level:
Details: the corrective of Wave 4 has a trend to 38.2% of Wave 3 Theta Token/ U.S. dollar(THETAUSD)Trading Strategy:
Theta Token is still in an uptrend. With the Impulse style movement, we are still missing two more moves to complete the style. in the fourth wave decline and increase again in the fifth wave. And currently prices are correcting in the fourth wave. It is likely to go down to test 2.168, waiting for the correction to complete to join the trend again.Theta Token/ U.S. dollar(THETAUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, The Wave Oscillator is a bullish Momentum.Technical Analyst: Kittiampon SomboonsodMore By This Author:
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