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
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