Ethereum
Ethereum Elliott Wave Technical Analysis [Video]
Elliott Wave TradingLounge daily chart analysis,
Ethereum/US dollar (ETHUSD).
ETH/USD Elliott Wave Technical Analysis
Function: Counter-trend.
Fashion: Patch.
Structure: Triangle.
Position: Wave C.
Direction of the following higher degrees: wave (4).
Invalid wave cancellation level: 2818.
Details: Movement in the Triangle pattern.
Ethereum/US Dollar (ETHUSD) Trading Strategy:
Movement within the triangle pattern before price re-enters the main trend. We still have two more moves left in waves D and E, so wait until the correction is over to rejoin the main trend.
Ethereum/US Dollar (ETHUSD)Technical Indicators: Price is above MA200 indicating an uptrend, wave oscillator is bearish momentum.
Elliott Wave Analysis TradingLounge H4 Chart,
Ethereum/US Dollar (ETHUSD).
ETH/USD Elliott Wave Technical Analysis
Function: Counter-trend.
Fashion: Patch.
Structure: Triangle.
Position: Wave C.
Direction of the following higher degrees: Wave (4).
Wave cancels invalid level: 2818.
Details: Movement in the Triangle model.
Ethereum/US Dollar (ETHUSD) Trading Strategy:
Movement within the Triangle pattern before price re-enters the main trend. We still have two moves left in waves D and E, so wait for the correction to end to join the main trend.
Ethereum/US Dollar (ETHUSD)Technical Indicators: Price is below the MA200, indicating a downtrend, wave oscillator is a bearish momentum.
Technical analyst: Kittiampon Somboonsod.