Cryptocurrency Elliott Wave Blog!
BTC, ETH, BNB, XRP, ADA, DOT, AAVE, LINK, DOGE, XMR, NEO, THETA, TRX, UNI, VET

20Feb

THETAUSD Elliott Wave Technical Analysis February 20 2023

Crypto_Splash-Theta

THETAUSD Elliott Wave Technical Analysis February 20 2023

4Hour

Theta Token /U.S.dollar(THETAUSD)
THETAUSD Elliott Wave Technical Analysis
Function: Follow trend    
Mode: Motive
Structure: Impulse
Position: Wave ((3))
Direction Next higher Degrees: wave III of Impulse
Details: Sub-wave of wave ((3)), the price trend trade above 1.818
Wave Cancel invalid Level: 1.00


Theta Token /U.S.dollar(THETAUSD) Trading Strategy: Theta Token is likely to complete a retracement in Wave II. The rebound from the MA200 and a 5-wave rise from the 1.00 level adds to this idea. which makes the price tend to go towards wave III and Wave III is usually equal to 1.618 multiplied Length of wave I at 1.818.


Theta Token /U.S.dollar(THETAUSD)Technical Indicators: The price is above the MA200 indicating an UpTrend. The wave oscillators above Zero-Line momentum are bullish


Daily

Theta Token /U.S.dollar(THETAUSD)
THETAUSD Elliott Wave Technical Analysis
Function: Follow trend    
Mode: Motive
Structure: Impulse
Position: Wave III
Direction Next higher Degrees: wave (I) of Impulse
Details:  Wave 3 is equal to 1.618 multiplied  Length of wave 1 at 1.818
Wave Cancel invalid Level: 1.00


Theta Token /U.S.dollar(THETAUSD) Trading Strategy: Theta Token is likely to complete a retracement in Wave II. The rebound from the MA200 and a 5-wave rise from the 1.00 level adds to this idea. which makes the price tend to go towards wave III and Wave III is usually equal to 1.618 multiplied Length of wave I at 1.818.


Theta Token /U.S.dollar(THETAUSD)Technical Indicators: The price is above the MA200 indicating an UpTrend. The wave oscillators above Zero-Line momentum are bullish

 

About the Author

Related

Bitcoin Elliott Wave Analysis, 23 June

Bitcoin Elliott Wave Analysis, 23 June

Bitcoin is in a stronger position than Ethereum, as we can see in the ETHBTC chart, also using On Ch...

Read More >
Bitcoin Elliott Wave Analysis, 26 April

Bitcoin Elliott Wave Analysis, 26 April

ABC as Wave (4) an Intermediate degree Elliott Wave structure down towards 40 - 45k. Bitcoin Elliott...

Read More >
Bitcoin Technical Analysis, 27 August 2021

Bitcoin Technical Analysis, 27 August 2021

BTC can now have a top in place and we now also have the first Impulse wave lower, a breach of 46,50...

Read More >
BTCUSD Elliott Wave Technical Analysis February 07 2023

BTCUSD Elliott Wave Technical Analysis February 07 2023

Kittiampon Somboonsod's Elliott Wave charts and technical analysis predict a correction for Bitc...

Read More >
Bitcoin Elliott Wave Analysis, 14 April

Bitcoin Elliott Wave Analysis, 14 April

Overview: Bitcoin and Ethereum are in a bullish trend that will continue higher...Bitcoin Elliott Wa...

Read More >
BTCUSD Elliott Wave Technical Analysis March 23 2023

BTCUSD Elliott Wave Technical Analysis March 23 2023

Bitcoin Elliott Wave analysis predicts a potential reversal in wave ((2)) with a level of 50-61.8% o...

Read More >
You need to login in order to comment
WHAT YOUR TRIAL INCLUDES
At TradingLounge we offer our Members access to all areas!
  • Our coverage means you get maximum flexibility in your trading options
  • Analysis updates every day Mon-Fri
  • Elliott Wave specialists
  • Discretionary strategies to take away
Our huge range of markets include charts + videos for:
  • Indices – US, Asian + Euro
  • Commodities – Gold, Oil, Silver, Copper, Iron Ore, Lithium, Uranium, Nickel, DXY, Gold, Silver, GDX, Commodity Futures Markets
  • Forex daily – AUDUSD, EURUSD + US Dollar Index
  • Cryptocurrencies - Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), Ripple (XRP), Cardano (ADA), Polkadot (DOT), Aave (AAVE), Chainlink (LINK),Dogecoin (DOGE), Monero (XMR), Neo (NEO), Theta (THETA),Tron (TRX), Uniswap (UNI), VeChain token (VET)
Also included so your trading can really improve:

Trading Education

Elliott Wave Course

TradingLevels Course

Social chat with other traders

  • Phone + Email support