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

THETAUSD Elliott Wave Technical Analysis

• Function: Trend-following
• Mode: Motive
• Structure: Impulse
• Current Position: Wave 5
• Next Direction (Higher Degree): To be monitored
• Wave Cancellation Level (Invalidation): Not specified

Theta Token / U.S. Dollar (THETAUSD) Trading Strategy:
Following a completed 5-wave downward sequence, THETAUSD is now presenting signs of potential reversal. The key resistance to watch is the $0.75 level. If the price successfully breaks this zone, it could signal a bullish trend reversal.

Trading Strategies:

• Approach:
• • ✅ Short-Term Traders (Swing Trade):
  • • If THETAUSD remains above $0.75, there's a higher probability for an uptrend to begin.
    • Risk Management:
    • • 🟥 If the price drops below $0.57, this would invalidate the recovery scenario.

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

THETAUSD Elliott Wave Technical Analysis

• Function: Trend-following
• Mode: Motive
• Structure: Impulse
• Current Position: Wave 5
• Next Direction (Higher Degree): To be monitored
• Wave Cancellation Level (Invalidation): Not specified

Theta Token / U.S. Dollar (THETAUSD) Trading Strategy:
Following a completed 5-wave downward sequence, THETAUSD is now presenting signs of potential reversal. The key resistance to watch is the $0.75 level. If the price successfully breaks this zone, it could signal a bullish trend reversal.

Trading Strategies:

• Approach:
• • ✅ Short-Term Traders (Swing Trade):
  • • If THETAUSD remains above $0.75, there's a higher probability for an uptrend to begin.
    • Risk Management:
    • • 🟥 If the price drops below $0.57, this would invalidate the recovery scenario.

Analyst: Kittiampon Somboonsod, CEWA

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