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Daily Chart, September 15 

Ethereum/U.S. dollar (ETHUSD)

ETHUSD Elliott Wave Technical Analysis 

Function: Reactionary (Counter Trend)

Mode: Corrective

Structure: Flat

Position: Wave (C)

Direction Next higher Degrees: wave ((2)) of Motive

Wave Cancel invalid level: 1075.57

Details: Five waves expand to complete wave C. 131

Ethereum/U.S. dollar(ETHUSD)Trading Strategy: the overview still is a downtrend, but is corrective in the short-term, we will still wait until wave C is complete to join an uptrend again - is now still is missing two moves in waves 4th and 5th

Ethereum/U.S. dollar(ETHUSD)Technical Indicators: The price is below the MA200 indicating a downtrend, and MACD, and RSI is a Bearish momentum.

(Click on image to enlarge)

Elliott Wave Analysis TradingLounge 4H Chart, 15 September 23,  

Ethereum/U.S. dollar(ETHUSD)

ETHUSD Elliott Wave Technical Analysis 

Function: Counter Trend

Mode: Corrective

Structure: Triangle

Position: Wave 4

Direction Next higher Degrees: wave (5) of Motive

Wave Cancel invalid level: 

Details: we are still missing two moves for a triangle to be complete

Ethereum/U.S. dollar(ETHUSD)Trading Strategy: the overview still is a downtrend, but is a corrective in the short-term, we which still wait until wave C is complete to join an uptrend again is now still are missing two moves in waves 4th and 5th

Ethereum/U.S. dollar(ETHUSD) Technical Indicators: The price is below the MA200 indicating a downtrend, and MACD, and RSI are a Bearish momentum.

(Click on image to enlarge)

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