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Ethereum/ U.S. dollar (ETH-X)

ETHUSD Elliott Wave Technical Analysis
Function: Counter Trend
Mode: Corrective
Structure: Triangle
position: Wave C
Direction Next higher Degrees: wave (4)
Wave Cancel invalid level: 2818
Details: Movement within the Triangle pattern.

Ethereum/ U.S. dollar (ETHUSD) Trading Strategy:
Movement within the Triangle pattern before price re-enters the main trend. We still have two moves left in waves D and E, so wait for the correction to complete to rejoin the main trend.

Ethereum/ U.S. dollar (ETHUSD) Technical Indicators: The price is above the MA200 indicating a uptrend, The Wave Oscillator is a Bearish Momentum.

Elliott Wave Analysis TradingLounge H4 Chart,
Ethereum/ U.S. dollar (ETHUSD)
ETHUSD Elliott Wave Technical Analysis
Function: Counter Trend
Mode: Corrective
Structure: Triangle
position: Wave C
Direction Next higher Degrees: wave (4)
Wave Cancel invalid level: 2818
Details: Movement within the Triangle pattern.

Ethereum/ U.S. dollar (ETHUSD) Trading Strategy:
Movement within the Triangle pattern before price re-enters the main trend. We still have two moves left in waves D and E, so wait for the correction to complete to rejoin the main trend.

Ethereum/ U.S. dollar (ETHUSD) Technical Indicators: The price is below the MA200 indicating a downtrend, The Wave Oscillator is a Bearish Momentum.

Technical Analyst : Kittiampon Somboonsod

Source : Tradinglounge.com 

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