Elliott Wave Analysis Daily Chart, May 26
Theta Token /U.S.dollar(THETAUSD)

Function: Reactionary(Counter Trend)
Mode: Corrective
Structure: Double corrective
Position: Wave ((Y))
Direction Next higher Degrees: wave II of Impulse
Wave Cancel invalid Level: 0.706
Details:: Trend Retracement of wave II usually .786 x Length wave I

THETAUSD Trading Strategy: The retracement of wave II is already at a sufficient level. Wave II is likely to end at the level of 0.817, a five-wave rise. From this point on, it supports this idea. But the price is still in the control of the bear market. Trading still needs to be done with caution.

Theta Token /U.S.dollar(THETAUSD) Technical Indicators: The price is below the MA200 indicating a downtrend MACD and RSI are Bearish momentum.

Elliott Wave Analysis TradingLounge 4H Chart, 26 May 23, 
Theta Token /U.S.dollar(THETAUSD)
THETAUSD Elliott Wave Technical Analysis
Function: Reactionary(Counter Trend)
Mode: Corrective
Structure: Double corrective
Position: Wave ((Y))
Direction Next higher Degrees: wave II of Impulse
Wave Cancel invalid Level: 0.706
Details:: Trend Retracement of wave II usually .786 x Length wave I

Theta Token /U.S.dollar(THETAUSD) Trading Strategy: The retracement of wave II is already at a sufficient level. Wave II is likely to end at the level of 0.817, a five-wave rise. From this point on, it supports this idea. But the price is still in control of the bear market. Trading still needs to be done with caution.

Theta Token /U.S.dollar(THETAUSD) Technical Indicators: The price is below the MA200 indicating a downtrend MACD and RSI are  Bearish momentum.

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