Theta/USD Elliott Wave Technical Analysis For Jan. 30

Peter Mathers • by Kittiampon Somboonsod

Elliott Wave Analyst - tradinglounge • Jan 30, 2023 at 12:00 AM EST

There is a trend towards the price target at the level of 1.711.

Theta Token / U.S.dollar(THETAUSD) Elliott Wave Technical Analysis

Function: Follow trend
Mode: Motive
Structure: Impulse
Position: Wave ((1))
Direction Next higher Degrees: wave I of Motive

THETA/USD Trading Strategy: Theta Token has recovered well from the 0.706 level and is on its way up to test MA200 resistance, if broken, signaling a weakening of the downtrend. As a result, the trend may change to an uptrend. And there is a trend towards the price target at the level of 1.711. This is just the start of an uptrend. Price may reverse before increasing again.

THETAUSD Technical Indicators: The price is below the MA200, indicating a downtrend. The wave oscillators above Zero-Line Bullish momentum.

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