Image Source: PexelsElliott Wave Analysis TradingLounge Daily Chart, 14 November 23,Theta Token / U.S. dollar (THETAUSD)THETAUSD Elliott Wave Technical AnalysisFunction: Follow trendMode: MotiveStructure: ImpulsePosition: Wave (1)Direction Next higher Degrees: wave I of ImpulseWave Cancel invalid Level:Details: Wave 1 is likely to end and prices are entering a wave 2 correction.Theta Token / U.S. dollar(THETAUSD)Trading Strategy: Theta Token recovered well from the 0.562 level with an impulse rally, leading us to expect a five-wave rally that is likely complete. We are looking for a correction pattern in wave 2 for an opportunity to rejoin the trend.Theta Token / U.S. dollar(THETAUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, RSI is a Bullish Momentum.TradingLounge Analyst: Kittiampon Somboonsod, CEWASource : Tradinglounge.comElliott Wave Analysis TradingLounge 4H Chart, 14 November 23,Theta Token / U.S. dollar (THETAUSD)THETAUSD Elliott Wave Technical AnalysisFunction: Follow trendMode: MotiveStructure: ImpulsePosition: Wave (1)Direction Next higher Degrees: wave I of ImpulseWave Cancel invalid Level:Details: Wave 1 is likely to end and prices are entering a wave 2 correction.Theta Token / U.S. dollar(THETAUSD)Trading Strategy: Theta Token recovered well from the 0.562 level with an impulse rally, leading us to expect a five-wave rally that is likely complete. We are looking for a correction pattern in wave 2 for an opportunity to rejoin the trend.Theta Token / U.S. dollar(THETAUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, RSI is a Bullish Momentum.
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