Ethereum is still in its Wave 3 rally, with two more moves missing to complete the Impulse pattern, a Wave 4 decline and a Wave 5 rally, so Ethereum is still bullish overall. is in a continuous upward trend

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

TradingLounge Analyst: Kittiampon Somboonsod, CEWA.

Elliott Wave Analysis TradingLounge 4H Chart, 19 March 24,

Ethereum/U.S. dollar(ETHUSD)

ETH/USD Elliott Wave technical analysis

Function: Follow Trend.

Mode: Motive.

Structure: Impulse.

Position: Wave (3)

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

Wave Cancel invalid level:

Details: Wave 3 may be complete and prices are corrected in wave 4

Ethereum/U.S. dollar(ETHUSD)Trading Strategy:

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

Author

Peter Mathers

TradingLounge

Peter Mathers started actively trading in 1982. He began his career at Hoei and Shoin, a Japanese futures trading company.

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