ETHUSD Elliott Wave Technical Analysis February 27 2023
4Hour
Ethereum /U.S.dollar(ETHUSD)
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: 1462
Ethereum /U.S.dollar(ETHUSD) Trading Strategy: Wave ((5)) is likely to end at 1742.50, but a five-wave movement from 1742.50 is still missing to confirm this notion. We can still expect a rally above 1742.50, but even so be wary of a reversal in wave II as the Wave Oscillator is signaling a Bearish Divergence.
Ethereum /U.S.dollar(ETHUSD) Technical Indicators: he price is above the MA200 indicating an uptrend. The wave oscillators Below Zero-Line momentum are Bearish
Daily
Ethereum /U.S.dollar(ETHUSD)
ETHUSD 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: 1073.42
Ethereum /U.S.dollar(ETHUSD)Trading Strategy: Wave ((5)) is likely to end at 1742.50, but a five-wave movement from 1742.50 is still missing to confirm this notion. We can still expect a rally above 1742.50, but even so be wary of a reversal in wave II as the Wave Oscillator is signaling a Bearish Divergence.
Ethereum /U.S.dollar(ETHUSD)Technical Indicators: The price is above the MA200 indicating an uptrend. The wave oscillators above Zero-Line momentum are Bullish
