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Elliott Wave Analysis TradingLounge Daily Chart, 12 December 2023.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: Theta token is likely to rise due to the increase in the Impulse Wave price structure. Overall, it is still in an uptrend. A five-wave rise above the 1.207 level supports this idea.Theta token/ U.S. Dollar(THETAUSD) Technical Indicators: The price is above the MA200 indicating an uptrend, Wave Oscillators a Bullish Momentum.Analyst: Kittiampon Somboonsod, CEWAElliott Wave Analysis TradingLounge 4H Chart, 12 December 2023.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: Theta token is likely to rise due to the increase in the Impulse Wave price structure. Overall, it is still in an uptrend. A five-wave rise above the 1.207 level supports this idea.Theta token/ U.S. Dollar(THETAUSD) Technical Indicators: The price is above the MA200 indicating an uptrend, Wave Oscillators a Bullish Momentum.
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