Ethereum Elliott Wave technical analysis [Video]
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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.
Technical analyst: Kittiampon Somboonsod.
ETH/USD Elliott Wave technical analysis [Video]
Author
Peter Mathers
TradingLounge
Peter Mathers started actively trading in 1982. He began his career at Hoei and Shoin, a Japanese futures trading company.
