Elliott Wave Technical Analysis: THETAUSD - Tuesday, February 20

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Elliott Wave Analysis TradingLounge Daily Chart, 20 February 24,

Theta Token/ U.S. dollar (THETAUSD)

THETAUSD Elliott Wave Technical Analysis

Function: Follow trend

Mode: Motive

Structure: Impulse

Position: Wave (1)

Direction Next higher Degrees: wave ((3)) of Impulse

Wave Cancel invalid Level:

Details: The five-wave increase of Wave (1)

Theta Token/ U.S. dollar (THETAUSD) Trading Strategy:

In the five-wave increase of Impulse current, we have 3 waves move up and missing two moves in decline wave 4 and increase again in wave 5 so the overview is an uptrend and the price still has a chance to increase.

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 4Hr Chart, 20 February 24,

Theta Token/ U.S. dollar (THETAUSD)

THETAUSD Elliott Wave Technical Analysis

Function: Follow trend

Mode: Motive

Structure: Impulse

Position: Wave (1)

Direction Next higher Degrees: wave ((3)) of Impulse

Wave Cancel invalid Level:

Details: The five-wave increase of Wave (1)

Theta Token/ U.S. dollar (THETAUSD) Trading Strategy:

In the five-wave increase of Impulse current, we have 3 waves move up and missing two move in decline wave 4 and increase again in wave 5 so the overview is an uptrend And the price still has a chance to increase.

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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