THETAUSD Elliott Wave Technical Analysis April 26 2023
4Hour
Theta Token /U.S.dollar(THETAUSD)
THETAUSD Elliott Wave Technical Analysis
Function: Reactionary(Counter Trend)
Mode: Corrective
Structure: Flat
Position: Wave ((C))
Direction Next higher Degrees: wave II of Impulse
Wave Cancel invalid Level: 0.706
Details: : Trend Retracement of wave II usually .786 x Length wave I
Theta Token /U.S.dollar(THETAUSD)Trading Strategy: The second wave retracement tends to be .786 of the first wavelength. Therefore, there is important support around 0.833, waiting for the correction to complete to consolidate the trend again.
Theta Token /U.S.dollar(THETAUSD) Technical Indicators: The price is Below the MA200 indicating a DownTrend The wave oscillators below Zero-Line momentum are bearish
Daily
Theta Token /U.S.dollar(THETAUSD)
THETAUSD Elliott Wave Technical Analysis
Function: Reactionary(Counter Trend)
Mode: Corrective
Structure: Flat
Position: Wave ((C))
Direction Next higher Degrees: wave II of Impulse
Wave Cancel invalid Level: 0.706
Details: : Trend Retracement of wave II usually .786 x Length wave I
Theta Token /U.S.dollar(THETAUSD)Trading Strategy: The second wave retracement tends to be .786 of the first wavelength. Therefore, there is important support around 0.833, waiting for the correction to complete to consolidate the trend again.
Theta Token /U.S.dollar(THETAUSD) Technical Indicators: The price is Below the MA200 indicating a DownTrend The wave oscillators below Zero-Line momentum are bearish
