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Elliott Wave Analysis TradingLounge Daily Chart, 24 November 23,

Theta Token / U.S. dollar(THETAUSD)

THETAUSD Elliott Wave Technical Analysis

Function: Counter trend

Mode: Corrective

Structure: Zigzag

Position: Wave (2)

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

Wave Cancel invalid Level:

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

Theta Token / U.S. dollar(THETAUSD)Trading Strategy: The rise in wave (1) seems to have concluded at the 1.190 level, and the price is entering a correction period in wave (2), where the retracement of wave (2) is typically at .50 or .618 x volatility. Therefore, Theta Token's trend is still upward. A reversal is merely a correction to continue wave (3).

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

TradingLounge Analyst: Kittiampon Somboonsod, CEWA

Source : Tradinglounge.com

Elliott Wave Analysis TradingLounge 4H Chart, 24 November 23,

Theta Token / U.S. dollar(THETAUSD)

THETAUSD Elliott Wave Technical Analysis

Function: Counter trend

Mode: Corrective

Structure: Zigzag

Position: Wave (2)

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

Wave Cancel invalid Level:

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

Theta Token / U.S. dollar(THETAUSD)Trading Strategy: The rise in wave (1) seems to have concluded at the 1.190 level, and the price is entering a correction period in wave (2), where the retracement of wave (2) is typically at .50 or .618 x volatility. Therefore, Theta Token's trend is still upward. A reversal is merely a correction to continue wave (3).

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

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