Elliott Wave Technical Analysis: Ethereum/U.S. Dollar - Thursday, March 7

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Elliott Wave Analysis TradingLounge Daily Chart, 7 March 2024.

Ethereum/U.S. Dollar(ETHUSD)

ETHUSD Elliott Wave Technical Analysis

Function: Follow Trend

Mode: Motive

Structure: Impulse

Position: Wave (3)

Direction Next higher Degrees: wave ((3)) of Impulse

Wave Cancel invalid level:

Details: The Rise of the Impulse Wave We still miss two more moves to complete the pattern.

Ethereum/ U.S. Dollar(ETHUSD)Trading Strategy:

Ethereum is still in its Wave 3 rally, with two more moves missing to complete the Impulse pattern, a Wave 4 decline and a Wave 5 rally, so Ethereum is still bullish overall. is in a continuous upward trend

Ethereum/U.S. Dollar(ETHUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, Wave Oscillator is a bullish Momentum.

Analyst: Kittiampon Somboonsod, CEWA

 

Elliott Wave Analysis TradingLounge 4Hr Chart, 7 March 2024.

Ethereum/U.S. Dollar(ETHUSD)

ETHUSD Elliott Wave Technical Analysis

Function: Follow Trend

Mode: Motive

Structure: Impulse

Position: Wave ((5))

Direction Next higher Degrees: wave 1 of Impulse

Wave Cancel invalid level:

Details: The Rise of the Impulse Wave We still need two more moves to complete the pattern.

Ethereum/U.S. Dollar(ETHUSD)Trading Strategy:

Ethereum is still in its Wave 3 rally, with two more moves missing to complete the Impulse pattern, a Wave 4 decline and a Wave 5 rally, so Ethereum is still bullish overall. is in a continuous upward trend

Ethereum/U.S. Dollar(ETHUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, Wave Oscillator is a bullish Momentum.

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