TradingLounge Analyst: Kittiampon Somboonsod, CEWA THETAUSD Elliott Wave Technical AnalysisFunction: Counter trendMode: CorrectiveStructure: ZigzagPosition: 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 recovered well from the level of 0.5562 and extended its five waves in the upward direction. As a result, the downtrend may end at the level of 0.562. Currently, the price is in the range of correction before increasing again. and there is a chance to test the level of 0.801.THETA Token/ U.S. dollar(THETAUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, Wave Oscillators a Bullish Momentum. Elliott Wave Analysis TradingLounge 4H Chart, 4 December 23,THETA Token/ U.S. dollar(THETAUSD)THETAUSD Elliott Wave Technical AnalysisFunction: Counter trendMode: CorrectiveStructure: ZigzagPosition: 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 recovered well from the level of 0.5562 and extended its five waves in the upward direction. As a result, the downtrend may end at the level of 0.562. Currently, the price is in the range of correction before increasing again. and there is a chance to test the level of 0.801.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:Elliott Wave Insights & Strategies – NDX, AAPL, AMZN, GOOGL, MSFT, META, NFLX, NVDA, TSLA Elliott Wave Technical Analysis: The Procter & Gamble Co. Elliott Wave Technical Analysis Day Chart: U.S. Dollar/Swiss Franc – Friday, Dec. 1
