THETAUSD Elliott Wave Technical Analysis 30 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
Wave Cancel invalid Level: 0.706
Theta Token/U.S.dollar(THETAUSD) Trading Strategy: The Theta Token Rising of wave (5) is the last wave in the Moive wave which is a warning signal before price trend change or reversal. Beware of throwback in wave ((2)).
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: Impulse
Position: Wave ((1))
Direction Next higher Degrees: wave I of Motive
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
