Elliott Wave Technical Analysis: ETHUSD - Friday, February 23

Cryptocurrency, Asset, Electronic Payment, Payment

Image Source: Pixabay

Elliott Wave Analysis TradingLounge Daily Chart, 23 February 24,

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 Impulse

Wave Cancel invalid level:

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

Ethereum overall is still in an uptrend. Currently, on the rise of the Impulse Wave, we are still missing two more moves to complete the pattern.

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

TradingLounge Analyst: Kittiampon Somboonsod, CEWA

Source: Tradinglounge.com

Elliott Wave Analysis TradingLounge 4Hr Chart, 23 February 24,

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 1 of Impulse

Wave Cancel invalid level:

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

Ethereum overall is still in an uptrend. Currently, on the rise of the Impulse Wave, we are still missing two more moves to complete the pattern.

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

 


More By This Author:

Elliott Wave Technical Analysis: JPMorgan Chase & Co. - Thursday, Feb. 22
Elliott Wave Technical Analysis: Iron Ore Commodity
Elliott Wave Technical Analysis: ChainLink/U.S. Dollar - Thursday, Feb. 22

Analyst Peter Mathers TradingLounge™ Australian Financial Services Licence - AFSL 317817

How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.