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Ethereum Elliott Wave technical analysis [Video]

Ethereum Elliott Wave technical analysis [Video]
Peter MathersPeter MathersTradingLounge

Elliott Wave Analysis TradingLounge Daily Chart,

Ethereum/ U.S. dollar(ETHUSD).

ETH/USD 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).

ETH/USD 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.

Chart
Chart

Technical analyst: Kittiampon Somboonsod.

ETH/USD Elliott Wave technical analysis [Video]

Author

Peter Mathers

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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