Cryptocurrencies

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