Elliott Wave Technical Analysis: Theta Token/USD, Monday, Feb. 20

Elliott Wave Analysis TradingLounge Daily Chart, Monday, Feb. 20

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Theta Token /U.S. Dollar (THETA-X)

THETAUSD Elliott Wave Technical Analysis

Function: Follow trend

Mode: Motive

Structure: Impulse

Position: Wave III

Direction Next higher Degrees: wave (I) of Impulse

Details: Wave 3 is equal to 1.618 multiplied Length of wave 1 at 1.818

Wave Cancel invalid Level: 1.00

Theta Token /U.S.dollar (THETAUSD) Trading Strategy: Theta Token is likely to complete a retracement in Wave II. The rebound from the MA200 and a 5-wave rise from the 1.00 level adds to this idea. which makes the price tend to go towards wave III and Wave III is usually equal to 1.618 multiplied Length of wave I at 1.818.

Theta Token /U.S.dollar(THETAUSD)Technical Indicators: The price is above the MA200 indicating an up trend. The wave oscillators above Zero-Line momentum are bullish.

TradingLounge Analyst: Kittiampon Somboonsod

Elliott Wave Analysis TradingLounge 4H Chart, Monday, Feb. 20

Theta Token /U.S. Dollar (THETAUSD)

THETAUSD Elliott Wave Technical Analysis

Function: Follow trend

Mode: Motive

Structure: Impulse

Position: Wave ((3))

Direction Next higher Degrees: wave III of Impulse

Details: Sub-wave of wave ((3)), the price trend trade above 1.818

Wave Cancel invalid Level: 1.00

Theta Token /U.S.dollar(THETAUSD) Trading Strategy: Theta Token is likely to complete a retracement in Wave II. The rebound from the MA200 and a 5-wave rise from the 1.00 level adds to this idea. which makes the price tend to go towards wave III and Wave III is usually equal to 1.618 multiplied Length of wave I at 1.818.

Theta Token /U.S. Dollar (THETAUSD)Technical Indicators: The price is above the MA200 indicating an up trend. The wave oscillators above Zero-Line momentum are bullish.