Elliott Wave Analysis TradingLounge Daily Chart, Monday, March 27

Pixabay

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

ETHUSD Elliott Wave Technical Analysis 

Function: Follow trend

Mode: Motive

Structure: Impulse

Position: Wave III

Direction Next higher Degrees: wave (I) of Motive

Details: Wave 3 equals 1.618 multiplied Length of wave 1 at 2943.53

Wave Cancel invalid level: 1073.42

Ethereum /U.S. Dollar (ETHUSD)Trading Strategy: Ethereum coin is developing in wave III and is trending 1.618 times wave I at 2943. Also, price recovering from support at MA200 support this idea. Therefore, the overall picture is still in a continuous uptrend. but must not go back down below 1369.79

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, CEWA

Elliott Wave Analysis TradingLounge 4H Chart, 26 March 23,  

Ethereum /U.S. Dollar (ETHUSD)

Elliott Wave Technical Analysis

Function: Follow trend

Mode: Motive

Structure: Impulse

Position: Wave (3)

Direction Next higher Degrees: wave ((3)) of Motive

Details: Wave 3 equals 1.618 multiplied Length of wave 1  

Wave Cancel invalid level: 1369

Ethereum /U.S. Dollar (ETHUSD)Trading Strategy: Ethereum coin is developing in wave III and is trending 1.618 times wave I at 2386.9. Also, price recovering from support at MA200 support this idea. Therefore, the overall picture is still in a continuous uptrend. but must not go back down below 1369.79.

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.

More By This Author:

US Stocks: Day Trading Strategy For Monday
Elliott Wave Technical Analysis: Twist Bioscience Corp.
Elliott Wave Technical Analysis:TRON /U.S. Dollar