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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 5 of Wave (3)

Wave Cancel invalid level: 

Details: Wave (5) trend move to Test 4692.28

Ethereum/ U.S. dollar(ETHUSD)Trading Strategy:
It looks like the wave 4 correction has ended, and the treasury price rose in wave 5. We will focus on a five-wave increase in the impulse pattern, which is likely to test the 4692 to 5120 levels.

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

Elliott Wave Analysis TradingLounge H4 Chart

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 ((3))

Wave Cancel invalid level: 

Details: Wave (3) is Equal to 261.8% of Wave (1) at 4227.76  

Ethereum/ U.S. dollar(ETHUSD)Trading Strategy:
It looks like the wave 4 correction has ended, and the treasury price rose in wave 5. We will focus on a five-wave increase in the impulse pattern, which is likely to test the 4692 to 5120 levels.

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

Technical Analyst: Kittiampon Somboonsod

Source: Tradinglounge.com

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