Image Source: PixabayElliott Wave Analysis TradingLounge Daily ChartEthereum/ U.S. dollar(ETHUSD)ETHUSD Elliott Wave Technical Analysis Function: Follow TrendMode: MotiveStructure: ImpulsePosition: Wave 5Direction Next higher Degrees: wave 5 of Wave (3)Wave Cancel invalid level: Details: Wave (5) trend move to Test 4692.28Ethereum/ U.S. dollar(ETHUSD)Trading Strategy:
It looks like the wave 4 correction has ended, and the treasury price rose in wave 5. We will focus on a five-wave increase in the impulse pattern, which is likely to test the 4692 to 5120 levels.Ethereum/ U.S. dollar(ETHUSD)Technical Indicators:
The price is above the MA200, indicating an uptrend. The Wave Oscillator shows bullish momentum.
Elliott Wave Analysis TradingLounge H4 ChartEthereum/ U.S. dollar(ETHUSD)ETHUSD Elliott Wave Technical Analysis Function: Follow TrendMode: MotiveStructure: Impulseposition: Wave (3)Direction Next higher Degrees: wave (3) of ((3))Wave Cancel invalid level: Details: Wave (3) is Equal to 261.8% of Wave (1) at 4227.76 Ethereum/ U.S. dollar(ETHUSD)Trading Strategy:
It looks like the wave 4 correction has ended, and the treasury price rose in wave 5. We will focus on a five-wave increase in the impulse pattern, which is likely to test the 4692 to 5120 levels.Ethereum/ U.S. dollar(ETHUSD)Technical Indicators:
The price is above the MA200, indicating an uptrend. The Wave Oscillator shows bullish momentum.Technical Analyst: Kittiampon SomboonsodSource: Tradinglounge.com
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