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Elliott Wave Analysis TradingLounge Daily Chart, 26 January 2023 

Theta Token/U.S.Dollar(THETAUSD)

THETAUSD Elliott Wave Technical Analysis 

Function: Follow trend  

Mode: Motive 

Structure: Diagonal

Position: Wave 5

Direction Next higher Degrees: wave (5) of Motive

Details: Wave 5 is likely to finish, and prices rally again in an uptrend.

Wave Cancel invalid Level: 

Theta Token/U.S. Dollar (THETAUSD)Trading Strategy: Theta Token has recovered well from the 0.706 level and is on its way up to test MA200 resistance, if broken, signaling a weakening of the downtrend. As a result, the trend may change to an uptrend. And there is a trend toward the price target at the level of 1.711. This is just the start of an uptrend. Price may reverse before increasing again.

Theta Token/U.S. Dollar (THETAUSD) Technical Indicators: The price is below the MA200, indicating a downtrend. The wave oscillators above Zero-Line Bullish momentum.

Analyst: Kittiampon Somboonsod

Elliott Wave Analysis TradingLounge 4H Chart, 26 January 2023

Theta Token/U.S.Dollar(THETAUSD)

THETAUSD Elliott Wave Technical Analysis 

Function: Follow trend  

Mode: Motive 

Structure: Impulse

Position: Wave (5)

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

Details: Wave 5 rise is likely towards .618 x wave (1) through wave (3)

Wave Cancel invalid Level: 0.970

Theta Token/U.S. Dollar (THETAUSD) Trading Strategy: Theta Token Rising Rising of wave (5) is the last in the Moive wave, signaling before price trend change or retracement, wave (5) is usually .618 x wave (1) in length. ) through wave(3) watch out for correction.

Theta Token/U.S. Dollar (THETAUSD) Technical Indicators: The price is above the MA200, indicating an uptrend. The wave oscillators above Zero-Line Bullish momentum.

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