Elliott Wave Analysis TradingLounge Daily Chart, 8 December 23,Theta Token/ U.S. dollar(THETAUSD)THETAUSD Elliott Wave Technical AnalysisFunction: Counter trendMode: CorrectiveStructure: FlatPosition: Wave (2)Direction Next higher Degrees: wave ((2)) of ImpulseWave Cancel invalid Level:Details: Retracement of wave ((2)) usually .50 or .618 x Length wave ((1))Theta Token/ U.S. dollar(THETAUSD)Trading Strategy : Overall, Theta Token is still in an uptrend but is undergoing a correction in Wave 2, which we expect to be a flat correction. We are still missing one more move in the downside direction of Wave C. There is a trend. Support area 0.801.Theta Token/ U.S. dollar(THETAUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, Wave Oscillators a Bullish Momentum.(Click on image to enlarge)Elliott Wave Analysis TradingLounge 4H Chart, 8 December 23,Theta Token/ U.S. dollar(THETAUSD)THETAUSD Elliott Wave Technical AnalysisFunction: Counter trendMode: CorrectiveStructure: FlatPosition: Wave (2)Direction Next higher Degrees: wave ((2)) of ImpulseWave Cancel invalid Level:Details: Retracement of wave ((2)) usually .50 or .618 x Length wave ((1))Theta Token/ U.S. dollar(THETAUSD)Trading Strategy : Overall, Theta Token is still in an uptrend but is undergoing a correction in Wave 2, which we expect to be a flat correction. We are still missing one more move in the downside direction of Wave C. There is a trend. Support area 0.801.Theta Token/ U.S. dollar(THETAUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, Wave Oscillators a Bullish Momentum.(Click on image to enlarge)
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Theta Token/ U.S. Dollar Elliott Wave Technical Analysis: Friday, December 8
