ETHUSD Elliott Wave Technical Analysis March 27 2023
4Hour
Ethereum /U.S.dollar(ETHUSD)
Elliott Wave Technical Analysis
Function: Follow trend
Mode: Motive
Structure: Impulse
Position: Wave (3)
Direction Next higher Degrees: wave ((3)) of Motive
Details: Wave 3 equals 1.618 multiplied Length of wave 1
Wave Cancel invalid level: 1369
Ethereum /U.S.dollar(ETHUSD)Trading Strategy: Ethereum coin is developing in wave III and is trending 1.618 times wave I at 2386.9. Also, price recovering from support at MA200 support this idea. Therefore, the overall picture is still in a continuous uptrend. but must not go back down below 1369.79
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
Daily
Ethereum /U.S.dollar(ETHUSD)
ETHUSD Elliott Wave Technical Analysis
Function: Follow trend
Mode: Motive
Structure: Impulse
Position: Wave III
Direction Next higher Degrees: wave (I) of Motive
Details: Wave 3 equals 1.618 multiplied Length of wave 1 at 2943.53
Wave Cancel invalid level: 1073.42
Ethereum /U.S.dollar(ETHUSD)Trading Strategy: Ethereum coin is developing in wave III and is trending 1.618 times wave I at 2943. Also, price recovering from support at MA200 support this idea. Therefore, the overall picture is still in a continuous uptrend. but must not go back down below 1369.79
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
