Elliott Wave Analysis TradingLounge Daily Chart, 28 July 23,  

Theta Token/U.S. Dollar(THETAUSD)

THETAUSD Elliott Wave Technical Analysis 

Function: Counter trend    

Mode: Corrective

Structure: Zigzag

Position: Wave (C)

Direction Next higher Degrees: wave ((2)) of Impulse

Wave Cancel invalid Level: 0.571

Details: Retracement of wave ((2)) usually .50 or .618 x Length wave ((1))

Theta Token/U.S. Dollar(THETAUSD) Trading Strategy: increasing the current It has the nature of a correction, so we are after wave ((2)) green is not complete and the price tends to fall towards 78.6% of wave ((1)) green, wait for wave ((2)) to complete its turn to join the trend again.

Theta Token/U.S. Dollar(THETAUSD) Technical Indicators: The price is below the MA200 indicating a Downtrend. Wave oscillators are bullish momentum.

Analyst: Kittiampon Somboonsod, CEWA

Elliott Wave Analysis TradingLounge 4H Chart, 28 July 2023.

Theta Token/U.S. Dollar(THETAUSD)

THETAUSD Elliott Wave Technical Analysis 

Function: Counter trend    

Mode: Corrective

Structure: Zigzag

Position: Wave (C)

Direction Next higher Degrees: wave ((2)) of Impulse

Wave Cancel invalid Level: 0.571

Details: Retracement of wave ((2)) usually .50 or .618 x Length wave ((1))

Theta Token/U.S. Dollar(THETAUSD) Trading Strategy: Increasing the current It has the nature of a correction, so we are after wave ((2)) green is not complete and the price tends to fall towards 78.6% of wave ((1)) green, wait for wave ((2)) to complete its turn to join the trend again.

Theta Token/U.S. Dollar(THETAUSD) Technical Indicators: The price is above the MA200 indicating an uptrend. Wave oscillators are bullish momentum.

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