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ETH/USD Elliott Wave technical analysis [Video]

ETH/USD Elliott Wave technical analysis [Video]
Peter MathersPeter MathersTradingLounge

Elliott Wave Analysis TradingLounge Daily Chart, 23 February 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:

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

Ethereum overall is still in an uptrend. Currently on the rise of the Impulse Wave, we are still missing two more moves to complete the pattern.

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

TradingLounge Analyst: Kittiampon Somboonsod, CEWA.

Chart

Elliott Wave Analysis TradingLounge 4Hr Chart, 23 February 24,

Ethereum/ U.S. dollar(ETHUSD)

ETH/USD Elliott Wave technical analysis

Function: Follow Trend.

Mode: Motive.

Structure: Impulse.

Position: Wave ((5)).

Direction Next higher Degrees: wave 1 of Impulse.

Wave Cancel invalid level:

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

Ethereum overall is still in an uptrend. Currently on the rise of the Impulse Wave, we are still missing two more moves to complete the pattern.

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

Chart

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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