14May
THETAUSD Elliott Wave Technical Analysis May 14 2023
![Crypto_Splash-Theta](/Portals/0/xBlog/uploads/2023/1/12/Crypto_Splash-Theta.jpg)
THETUSD Elliott Wave Technical Analysis May 14 2023
4Hour
TheTa Token/U.S.dollar(THETAUSD)
THETAUSD Elliott Wave Technical Analysis
Function: Reactionary(Counter Trend)
Mode: Corrective
Structure: Double corrective
Position: Wave ((Y))
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: There is still a risk of a correction of wave (2), which corresponds to prices below the MA200 line indicating a downtrend. before rising again Wait for the correction to complete.
TheTa Token/U.S.dollar(THETAUSD)Technical Indicators: The price is below the MA200 indicating a downtrend MACD and RSI are Bearish momentum
![](https://tradinglounge.com/Portals/3/Images/SitePics/Charts/2023-05May/MonFri05082023Charts/Sun0514023Charts/Kittiampon05132023Sun/Kittiamponblog05142023/thetausd4hr05-14.jpg)
Daily
TheTa Token/U.S.dollar(THETAUSD)
THETAUSD Elliott Wave Technical Analysis
Function: Reactionary(Counter Trend)
Mode: Corrective
Structure: Double corrective
Position: Wave ((Y))
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: There is still a risk of a correction of wave (2), which corresponds to prices below the MA200 line indicating a downtrend. before rising again Wait for the correction to complete.
TheTa Token/U.S.dollar(THETAUSD)Technical Indicators: The price is below the MA200 indicating a downtrend MACD and RSI are Bearish momentum
![](https://tradinglounge.com/Portals/3/Images/SitePics/Charts/2023-05May/MonFri05082023Charts/Sun0514023Charts/Kittiampon05132023Sun/Kittiamponblog05142023/thetausddaily05-14.jpg)
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