THETAUSD Elliott Wave Technical Analysis 26 January 2023
4Hour
Theta Token/U.S.dollar(THETAUSD)
THETAUSD Elliott Wave Technical Analysis
Function: Follow trend
Mode: Motive
Structure: Impulse
Position: Wave (5)
Direction Next higher Degrees: wave ((1)) of Motive
Details: Wave 5 rise is likely towards .618 x wave (1) through wave (3)
Wave Cancel invalid Level: 0.970
Theta Token/U.S.dollar(THETAUSD) Trading Strategy: Theta Token Rising Rising of wave (5) is the last in the Moive wave, signaling before price trend change or retracement, wave (5) is usually .618 x wave (1) in length. ) through wave(3) watch out for correction
Theta Token/U.S.dollar(THETAUSD) Technical Indicators: The price is above the MA200, indicating an uptrend. The wave oscillators above Zero-Line Bullish momentum
Daily
Theta Token/U.S.dollar(THETAUSD)
THETAUSD Elliott Wave Technical Analysis
Function: Follow trend
Mode: Motive
Structure: Diagonal
Position: Wave 5
Direction Next higher Degrees: wave (5) of Motive
Details: Wave 5 is likely to finish, and prices rally again in an uptrend.
Wave Cancel invalid Level:
Theta Token/U.S.dollar(THETAUSD)Trading Strategy: Theta Token has recovered well from the 0.706 level and is on its way up to test MA200 resistance, if broken, signaling a weakening of the downtrend. As a result, the trend may change to an uptrend. And there is a trend towards the price target at the level of 1.711. This is just the start of an uptrend. Price may reverse before increasing again
Theta Token/U.S.dollar(THETAUSD) Technical Indicators: The price is below the MA200, indicating a downtrend. The wave oscillators above Zero-Line Bullish momentum
