Elliott Wave Analysis TradingLounge Daily Chart, September 8. 2022, Theta Token
THETAUSD Elliott Wave Technical Analysis
Function: Counter trend
Mode: Corrective
Structure: Flat
Position: Wave 2
Direction Next higher Degrees: Wave (2) of ((C))
Details: Corrective wave in the second wave before the price drops again. where the second wave usual y retraces 61.8% of the first wave.

Wave Cancel invalid Level: 1.713
Theta Token(THETAUSD) Trading Strategy: The price range tends to test resistance at MA50 Line and continue downward in wave (3), providing a short-term trading opportunity in the downtrend.

Theta Token(THETAUSD) Technical Indicators: MACD has a Hidden Bullish divergence, Short-term price has an opportunity reversal
TradingLounge Analyst: Kittiampon Somboonsod

Elliott Wave Analysis TradingLounge 4H Chart, September 8, 2022
Theta Token(THETAUSD)
THETAUSD Elliott Wave Technical Analysis
Function: Counter trend
Mode: Corrective
Structure: Flat
Position: Wave 2
Direction Next higher Degrees: Wave (2) of ((C))
Details: Corrective wave in the second wave before the price drops again. where the second wave usual y retraces 61.8% of the first wave.

Wave Cancel invalid Level: 1.713
Theta Token(THETAUSD) Trading Strategy: The price range tends to test resistance at MA200 Line and continue downward in wave C, providing a short-term trading opportunity in the downtrend.

Theta Token(THETAUSD) Technical Indicators: MACD has a Bullish divergence, Short-term price has an opportunity reversal.

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