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Elliott Wave Analysis – TradingLounge Daily Chart, Theta Token / U.S. Dollar (THETAUSD)

THETAUSD – Elliott Wave Technical Overview
Function: Trend-following
Mode: Motive
Structure: Impulse
Current Position: Wave 4
Next Direction at Higher Degrees: Awaiting development
Invalidation Level: Breach near $0.620 will invalidate the structure

Theta Token (THETAUSD) – Trading Strategy
Since completing the downward V wave in April, Theta has initiated a strong rebound. The market now moves in a motive wave pattern, progressing toward wave (5) that will finalize major wave I of the uptrend. Waves ① through ④ have formed, and wave ⑤ has just begun, aiming for the 0.618 Fibonacci Extension of waves 1–3 at approximately $1.196. A drop below $0.620 wuld invalidate the current structure and require a reassessment.

Trading Strategies
Strategy Type

✅ Swing Trade Strategy for Short-Term Traders

Momentum or swing traders can look for a small pullback as a potential entry point for long positions.

Wave ⑤ target range: $1.19 to $1.25

Risk Management

🟥 Stop-loss guidance: Below $0.82 or at a firm base near $0.72

Elliott Wave Analysis – TradingLounge H4 Chart, Theta Token / U.S. Dollar (THETAUSD)

THETAUSD – Elliott Wave Technical Overview
Function: Trend-following
Mode: Motive
Structure: Impulse
Current Position: Wave 4
Next Direction at Higher Degrees: Awaiting development
Invalidation Level: Breach near $0.620 will invalidate the structure

Theta Token (THETAUSD) – Trading Strategy
As the downward wave V ended in April, THETA began forming a new motive wave structure. This pattern progresses into wave (5), which is intended to complete major wave I of this upward cycle. With waves ①–④ completed, wave ⑤ is active, with a price target aligned to the 0.618 Fibonacci Extension of waves 1–3, placing it near $1.196. Breaching the $0.620 level will nullify this wave count.

Trading Strategies
Strategy Type

✅ Swing Trade Strategy for Short-Term Traders

Momentum or swing traders may wait for a pullback before initiating long trades.

Wave ⑤ price target: $1.19 – $1.25

Risk Management

🟥 Suggested stop-loss levels: below $0.82 or anchored at $0.72

TradingLounge Analyst: Kittiampon Somboonsod, CEWA
Source: TradingLounge.com

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