Elliott Wave Analysis TradingLounge Daily Chart

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 ((3))

Wave Cancel invalid level:

Details: Wave (4) may be complete and prices increase again in Wave (5)

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

Ethereum as a whole is moving in an uptrend with an Impulse pattern where the third wave of the move is now complete. We are currently recovering in the short term from the fourth wave correction. And the price will rise again in the fifth wave. Looking at five opportunities to trade the fifth wave uptrend.

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

TradingLounge Analyst: Kittiampon Somboonsod, CEWA

Source : Tradinglounge.com get trial here!

Elliott Wave Analysis TradingLounge 4H Chart,

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 ((3))

Wave Cancel invalid level:

Details: Wave (4) may be complete and prices increase again in Wave (5)

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

Ethereum as a whole is moving in an uptrend with an Impulse pattern where the third wave of the move is now complete. We are currently recovering in the short term from the fourth wave correction. And the price will rise again in the fifth wave. Looking at five opportunities to trade the fifth wave uptrend.

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

More By This Author:

Stock Analysis & Elliott Wave Technical Forecast: The Coca-Cola Company
Commodities Analysis & Elliott Wave Technical Forecast: WTI Crude Oil
Forex Analysis & Elliott Wave Technical Forecast: British Pound/Australian Dollar