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Elliott Wave Analysis TradingLounge Daily Chart, 14 June 2023.
Theta Token/U.S. Dollar(THETAUSD)
THETAUSD Elliott Wave Technical Analysis
Function: Counter trend   
Mode: Corrective
Structure: Double Corrective
Position: Wave ((Y))
Direction Next higher Degrees: wave II of Impulse
Wave Cancel invalid Level:
Details: post-Triangle thrust was measured at 0.479

Theta Token/U.S. Dollar(THETAUSD) Trading Strategy: Theta Token continues to remain in a downtrend. The decrease in wave 3 corresponds to the price being below the MA200 line, showing a clear downward trend. Wave 3 is usually 2.618 x wave 1 in length.

Theta Token/U.S. Dollar(THETAUSD) Technical Indicators: The price is below the MA200 indicating a downtrend. Wave oscillator has a bearish momentum.

Analyst: Kittiampon Somboonsod, CEWA

Elliott Wave Analysis TradingLounge 4H Chart, 14 June 2023.  
Theta Token/U.S. Dollar(THETAUSD)
THETAUSD Elliott Wave Technical Analysis
Function: Counter trend   
Mode: Corrective
Structure: Double Corrective
Position: Wave ((Y))
Direction Next higher Degrees: wave II of Impulse
Wave Cancel invalid Level:
Details: post-Triangle thrust was measured at 0.479

Theta Token/U.S. Dollar(THETAUSD) Trading Strategy: Theta Token continues to remain in a downtrend. The decrease in wave 3 corresponds to the price being below the MA200 line, showing a clear downward trend. Wave 3 is usually 2.618 x wave 1 in length.

Theta Token/U.S. Dollar(THETAUSD) Technical Indicators: The price is below the MA200 indicating a downtrend. Wave oscillator has a Bearish momentum.

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