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Elliott Wave Analysis TradingLounge Daily Chart, 23 November 23,

Ethereum/ U.S. dollar(ETHUSD)

ETHUSD Elliott Wave Technical Analysis

Function: Follow Trend

Mode: Motive

Structure: Impulse

Position: Wave 1

Direction Next higher Degrees: wave (1) of Impulse

Wave Cancel invalid level:

Details: Wave 1 may have ended and prices are entering. Correction in Wave 2

Ethereum/ U.S. dollar(ETHUSD)Trading Strategy: The correction in wave (2) seems to have started at the level of 2136.53 after the rise in wave (1). Typically, the retracement of wave (2) is around .50 or .618 x the length of wave (1). Consequently, Ethereum's outlook remains bullish, and the retracement is anticipated to be a short-term rally before continuing with wave (3).

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 4H Chart, 23 November 23,

Ethereum/ U.S. dollar(ETHUSD)

ETHUSD Elliott Wave Technical Analysis

Function: Follow Trend

Mode: Motive

Structure: Impulse

Position: Wave 1

Direction Next higher Degrees: wave (1) of Impulse

Wave Cancel invalid level:

Details: Wave 1 may have ended and prices are entering. Correction in Wave 2

Ethereum/ U.S. dollar(ETHUSD)Trading Strategy: The correction in wave (2) seems to have started at the level of 2136.53 after the rise in wave (1). Typically, the retracement of wave (2) is around .50 or .618 x the length of wave (1). Consequently, Ethereum's outlook remains bullish, and the retracement is anticipated to be a short-term rally before continuing with wave (3).

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

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