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Elliott Wave Analysis TradingLounge Daily Chart, 6 October 23

Theta Token/U.S. dollar(THETAUSD)

THETAUSD Elliott Wave Technical Analysis 

Function: Follow trend    

Mode: Motive

Structure: Diagonal 

Position: Wave V

Direction Next higher Degrees: wave (C) of Zigzag

Wave Cancel invalid Level: 

Details: The fall of the V wave is the last in a series of five waves. Warning before correction or trend change

Theta Token/U.S. dollar(THETAUSD)Trading Strategy: we looking for a decline in wave ((Z)), which has a trend trade below 0.581, the overview still is a downtrend from the price below MA200 making the price a continue down.

Theta Token/U.S. dollar(THETAUSD)Technical Indicators: The price is below the MA200 indicating a Downtrend, RSI is a Bearish Momentum.

TradingLounge Analyst: Kittiampon Somboonsod, CEWA

Source : Tradinglounge.com 

(Click on image to enlarge)

Elliott Wave Analysis TradingLounge 4H Chart, 6 October 23

Theta Token/U.S. dollar(THETAUSD)

THETAUSD Elliott Wave Technical Analysis 

Function: Counter trend    

Mode: Corrective

Structure: Triple Corrective

Position: Wave X

Direction Next higher Degrees: wave V of Diagonal

Wave Cancel invalid Level: 

Details: the corrective in Wave X before the decline in Wave Z

Theta Token/U.S. dollar(THETAUSD)Trading Strategy: we looking for a decline in wave ((Z)), which has a trend trade below 0.581, the overview still is a downtrend from the price below MA200 making the price a continue down.

Theta Token/U.S. dollar(THETAUSD)Technical Indicators: The price is below the MA200 indicating a Downtrend, RSI is a Bearish Momentum.

(Click on image to enlarge)

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