Elliott Wave Analysis TradingLounge Daily Chart, Thursday, Nov. 24

Theta Token (THETA-X)

THETAUSD Elliott Wave Technical Analysis

Function: Follow trend

Mode: Motive

Structure: Diagonal

Position: Wave 5

Direction Next higher Degrees: wave (5) of Motive

Details: Diagonal pattern at the end of the trend, When is complete the price rising again

Wave Cancel invalid Level: 0.801

Theta Token(THETAUSD) Trading Strategy: price continues to be under heavy selling pressure, below the MA200 MA50, indicating a strong downtrend. The wave oscillator is below the zero line with decreasing momentum. Even so, the bullish divergence is showing signs of reversal, so the overall price is likely to reverse again.

And the price is expected to trade above 1.400, but not reverse below 0.801

Theta Token(THETAUSD) Technical Indicators: The price is below the MA200 MA50, indicating a clear downtrend. The Wave oscillator is below the Zero-Line is a bearish momentum.

TradingLounge Analyst: Kittiampon Somboonsod

Elliott Wave Analysis TradingLounge 4H Chart, November 24, 2022

Theta Token (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: Diagonal pattern at the end of the trend, When is complete the price rising again

Wave Cancel invalid Level: 0.801

Theta Token(THETAUSD) Trading Strategy: price continues to be under heavy selling pressure, below the MA200 MA50, indicating a strong downtrend. The wave oscillator is below the zero line with decreasing momentum. Even so, the bullish divergence is showing signs of reversal, so the overall price is likely to reverse again.

And the price is expected to trade above 1.400, but not reverse below 0.801

Theta Token(THETAUSD) Technical Indicators: The price is below the MA200 MA50, indicating a clear downtrend. The Wave oscillator has a Bullish divergence Price maybe reversal.

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