Ethereum Elliott Wave technical analysis [Video]
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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 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 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.
Author
Peter Mathers
TradingLounge
Peter Mathers started actively trading in 1982. He began his career at Hoei and Shoin, a Japanese futures trading company.
