03Nov
ETHUSD Elliott Wave Technical Analysis 3 November 2022

ETHUSD Elliott Wave Technical Analysis 3 November 2022
4 Hour Chart
Ethereum (ETHUSD)
ETHUSD Elliott Wave Technical Analysis
Function: Follow trend
Mode: Motive
Structure: Impulse
Position: Wave (4)
Direction Next higher Degrees: Sub-wave of Wave ((1))
Details: Wave 4 subs within the first wave. Usually reversed equally to .382 x length wave3.
Wave Cancel invalid Level: 1346
Ethereum (ETHUSD) Trading Strategy: Wave 4 may end and the price tends to rise on
wave 5, wave 5 is usually .618 x wave1 past wave 3 at the 1795 level. This could be a
short-term trading opportunity.
Ethereum (ETHUSD) Technical Indicators: MACD has a Hidden Bullish divergence and
MACD Histogram has a Bullish divergence the price reverse to uptrend

Daily Chart
Ethereum (ETHUSD)
ETHUSD Elliott Wave Technical Analysis
Function: Follow trend
Mode: Motive
Structure: Impulse
Position: Wave (4)
Direction Next higher Degrees: Sub-wave of Wave ((1))
Details: Wave 4 subs within the first wave. Usually reversed equally to .382 x length wave3.
Wave Cancel invalid Level: 1346
Ethereum (ETHUSD) Trading Strategy: Wave 4 may end and the price tends to rise on
wave 5, wave 5 is usually .618 x wave1 past wave 3 at the 1795 level. This could be a
short-term trading opportunity. But be careful with the 200 MA line which is an
important resistance. If the test fails, the price may reverse again.
Ethereum (ETHUSD) Technical Indicators: MACD and MACD Histogram above Zero-Line
the price have bullish momentum

About the Author
Related
BNBUSD 4h Elliott Wave: Corrective Wave,WXY or Triangle is Process. Probability: The price may drop ...
Read More >
BTC Elliott Wave Prediction: Bitcoin to Trade Above $40,447.97 Level in Wave III According to Kittia...
Read More >
Overview: Bitcoin and Ethereum are in a bullish trend that will continue higher...Bitcoin Elliott Wa...
Read More >
Technical analysis using Elliott Wave charts by Kittiampon Somboonsod for Monero (XMR/USD) predicts ...
Read More >
Monero (XMR) is showing a clear downtrend as it fell below the MA200 line, but Elliott Wave charts b...
Read More >
The corrective rally for ETH and BTC as Wave B is well under way. EW: wave v (iii) of c) of B or 4. ...
Read More >
You need to login in order to comment