Elliott Wave Technical Analysis: Theta Token Crypto Price News

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Elliott Wave Analysis TradingLounge Daily Chart
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 I of Impulse
Wave Cancel invalid Level:
Details: Wave ((4) may is complete and the Price entry to uptrend again

Theta Token/ U.S. dollar(THETAUSD)Trading Strategy:
The correction in wave ((4)) appears to be over and the price is increasing again in wave ((5)), so the overall picture is looking for an opportunity to open a long position. with a target price at the level 5.185 - 6.263

Theta Token/ U.S. dollar(THETAUSD)Technical Indicators:
The price is above the MA200 indicating an Uptrend, The Wave Oscillator is a Bullish Momentum.

Elliott Wave Analysis TradingLounge H4 Chart
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 I of Impulse
Wave Cancel invalid Level:
Details: Wave ((4) may is complete and the Price entry to uptrend again

Theta Token/ U.S. dollar (THETAUSD) Trading Strategy:
The correction in wave ((4)) appears to be over and the price is increasing again in wave ((5)), so the overall picture is looking for an opportunity to open a long position. with a target price at the level 5.185 - 6.263

Theta Token/ U.S. dollar (THETAUSD) Technical Indicators:
The price is above the MA200 indicating an uptrend, The Wave Oscillator is a Bullish Momentum.

Technical Analyst: Kittiampon Somboonsod

Source: Tradinglounge.com