Elliott Wave Technical Analysis: THETAUSD – Tuesday, February 20

Image Source: Elliott Wave Analysis TradingLounge Daily Chart, 20 February 24,Theta Token/ U.S. dollar (THETAUSD)THETAUSD Elliott Wave Technical AnalysisFunction: Follow trendMode: MotiveStructure: ImpulsePosition: Wave (1)Direction Next higher Degrees: wave ((3)) of ImpulseWave Cancel invalid Level:Details: The five-wave increase of Wave (1)Theta Token/ U.S. dollar (THETAUSD) Trading Strategy:In the five-wave increase of Impulse current, we have 3 waves move up and missing two moves in decline wave 4 and increase again in wave 5 so the overview is an uptrend and the price still has a chance to increase.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, CEWASource: Tradinglounge.comElliott Wave Analysis TradingLounge 4Hr Chart, 20 February 24,Theta Token/ U.S. dollar (THETAUSD)THETAUSD Elliott Wave Technical AnalysisFunction: Follow trendMode: MotiveStructure: ImpulsePosition: Wave (1)Direction Next higher Degrees: wave ((3)) of ImpulseWave Cancel invalid Level:Details: The five-wave increase of Wave (1)Theta Token/ U.S. dollar (THETAUSD) Trading Strategy:In the five-wave increase of Impulse current, we have 3 waves move up and missing two move in decline wave 4 and increase again in wave 5 so the overview is an uptrend And the price still has a chance to increase.Theta Token/ U.S. dollar (THETAUSD) Technical Indicators: The price is above the MA200 indicating an Uptrend, Wave Oscillators a bullish Momentum. More By This Author: