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Elliott Wave Analysis TradingLounge Daily Chart, 14 November 23,

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 I of Impulse

Wave Cancel invalid Level:

Details: Wave 1 is likely to end and prices are entering a wave 2 correction.

Theta Token / U.S. dollar(THETAUSD)Trading Strategy: Theta Token recovered well from the 0.562 level with an impulse rally, leading us to expect a five-wave rally that is likely complete. We are looking for a correction pattern in wave 2 for an opportunity to rejoin the trend.

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

TradingLounge Analyst: Kittiampon Somboonsod, CEWA

Source : Tradinglounge.com

Elliott Wave Analysis TradingLounge 4H Chart, 14 November 23,

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 I of Impulse

Wave Cancel invalid Level:

Details: Wave 1 is likely to end and prices are entering a wave 2 correction.

Theta Token / U.S. dollar(THETAUSD)Trading Strategy: Theta Token recovered well from the 0.562 level with an impulse rally, leading us to expect a five-wave rally that is likely complete. We are looking for a correction pattern in wave 2 for an opportunity to rejoin the trend.

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

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