Elliott Wave Analysis TradingLounge Daily Chart, Monday, Feb. 27

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Ethereum /U.S. Dollar (ETH-X)

ETHUSD Elliott Wave Technical Analysis

Function: Follow trend

Mode: Motive

Structure: Impulse

Position: wave (5)

Direction Next higher Degrees: wave ((1)) of Motive

Wave Cancel invalid level: 1073.42

Ethereum /U.S. Dollar (ETHUSD)Trading Strategy: Wave ((5)) is likely to end at 1742.50, but a five-wave movement from 1742.50 is still missing to confirm this notion. We can still expect a rally above 1742.50, but even so be wary of a reversal in wave II as the Wave Oscillator is signaling a Bearish Divergence.

Ethereum /U.S. Dollar (ETHUSD)Technical Indicators: The price is above the MA200 indicating an uptrend. The wave oscillators above Zero-Line momentum are Bullish.

TradingLounge Analyst: Kittiampon Somboonsod

Elliott Wave Analysis TradingLounge 4H Chart, Monday, Feb. 27

Ethereum /U.S. Dollar (ETHUSD)

Elliott Wave Technical Analysis

Function: Follow trend

Mode: Motive

Structure: Impulse

Position: wave (5)

Direction Next higher Degrees: wave ((1))) of Motive

Wave Cancel invalid level: 1462

 Ethereum /U.S. Dollar (ETHUSD) Trading Strategy: Wave ((5)) is likely to end at 1742.50, but a five-wave movement from 1742.50 is still missing to confirm this notion. We can still expect a rally above 1742.50, but even so be wary of a reversal in wave II as the Wave Oscillator is signaling a Bearish Divergence.

Ethereum /U.S. Dollar (ETHUSD) Technical Indicators: he price is above the MA200 indicating an uptrend. The wave oscillators Below Zero-Line momentum are Bearish.

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