Theta Token is still in an uptrend. With the Impulse style movement, we are still missing two more moves to complete the style. in the fourth wave decline and increase again in the fifth wave. And currently, prices are correcting in the fourth wave. It is likely to go down to test 2.168, waiting for the correction to complete to join the trend again.

Theta Token/ U.S. dollar(THETAUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, The Wave Oscillator is a bearish Momentum.

Elliott Wave analysis four-hour chart

Function: Counter trend.

Mode: Corrective.

Structure: Flat.

Position: Wave ((B)).

Direction Next higher Degrees: Wave I of Impulse.

Details: the corrective of Wave 4 has a trend to 38.2% of Wave 3.

Theta/USD trading strategy

Theta Token/ U.S. dollar(THETAUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, The Wave Oscillator is a bearish 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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Theta/USD Elliott Wave technical analysis

Theta/USD trading strategy

Elliott Wave analysis four-hour chart

Theta/USD trading strategy

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