Theta token Elliott Wave technical analysis [Video]

THETA/USD – Elliott Wave technical overview

Function: Trend-following.

Mode: Motive.

Structure: Impulse.

Current position: Wave 4.

Next direction at higher degrees: Awaiting development.

Invalidation level: Breach near $0.620 will invalidate the structure.

Theta Token – Trading strategy

Since completing the downward V wave in April, Theta has initiated a strong rebound. The market now moves in a motive wave pattern, progressing toward wave (5) that will finalize major wave I of the uptrend. Waves ① through ④ have formed, and wave ⑤ has just begun, aiming for the 0.618 Fibonacci Extension of waves 1–3 at approximately $1.196. A drop below $0.620 would invalidate the current structure and require a reassessment.

Trading strategies

• Strategy type

  • Swing trade strategy for short-term traders

    • Momentum or swing traders can look for a small pullback as a potential entry point for long positions.

    • Wave ⑤ target range: $1.19 to $1.25.

• Risk management

  • Stop-loss guidance: Below $0.82 or at a firm base near $0.72.

THETA/USD – Elliott Wave technical overview

Function: Trend-following.

Mode: Motive.

Structure: Impulse.

Current Position: Wave 4.

Next direction at higher degrees: Awaiting development.

Invalidation level: Breach near $0.620 will invalidate the structure.

Theta Token – Trading strategy

As the downward wave V ended in April, THETA began forming a new motive wave structure. This pattern progresses into wave (5), which is intended to complete major wave I of this upward cycle. With waves ①–④ completed, wave ⑤ is active, with a price target aligned to the 0.618 Fibonacci Extension of waves 1–3, placing it near $1.196. Breaching the $0.620 level will nullify this wave count.

Trading strategies

• Strategy type

  • Swing trade strategy for short-term traders

    • Momentum or swing traders may wait for a pullback before initiating long trades.

    • Wave ⑤ price target: $1.19 – $1.25.

• Risk management

  • Suggested stop-loss levels: below $0.82 or anchored at $0.72.

Theta token Elliott Wave technical analysis [Video]