Elliott Wave Analysis TradingLounge Daily Chart, 9 November 23,
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 1 of Impulse
Wave Cancel invalid level:
Details: The correction is likely to end at the level of 1520. A five-wave increase supports this idea.
Ethereum/ U.S. dollar(ETHUSD)Trading Strategy: The correction in wave ((2)) is likely to end at the level of 1520.85, and the five-wave increase will support this idea. Therefore, we are waiting for another correction to join the trend.
Ethereum/ U.S. dollar(ETHUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, RSI is a Bullish Momentum.
TradingLounge Analyst: Kittiampon Somboonsod, CEWA
Source : Tradinglounge.com
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Elliott Wave Analysis TradingLounge 4H Chart, 9 November 23,
Ethereum/ U.S. dollar(ETHUSD)
ETHUSD Elliott Wave Technical Analysis
Function: Follow Trend
Mode: Motive
Structure: Impulse
Position: Wave 1
Direction Next higher Degrees: wave 1 of Impulse
Wave Cancel invalid level:
Details: Wave 5 is usually equal to .618 multiplied Length of wave 1 through wave 3.
Ethereum/ U.S. dollar(ETHUSD)Trading Strategy: The correction in wave ((2)) is likely to end at the level of 1520.85, and the five-wave increase will support this idea. Therefore, we are waiting for another correction to join the trend.
Ethereum/ U.S. dollar(ETHUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, RSI is a Bullish Momentum.
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