20Mar
ETHUSD Elliott Wave Technical Analysis March 21 2023

ETHUSD Elliott Wave Technical Analysis March 21 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 at 2290
Wave Cancel invalid level: 1369
Ethereum/U.S.dollar(ETHUSD)Trading Strategy: Ethereum resumes its upward trend in wave (3) with a chance to reach the 161.8 level of wave (1) at 2290. Also, the price has risen above the MA200 line, giving the view to a continued upward trend in wave (3)

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 resumes its upward trend in wave III with a chance to reach the 161.8 level of wave I at 2943.53. Also, the price has risen above the MA200 line, giving the view to a continued upward trend in wave III.
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

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
About the Author
Related
Cryptocurrency Bitcoin BTC Technical Analysis Elliott Wave Trading - tradinglounge.com
Overview: On...
Read More >
Overview: Bitcoin in the bigger picture is bullish, as the move down over the last month from 40,000...
Read More >
BTC can now have a top in place and we now also have the first Impulse wave lower, a breach of 46,50...
Read More >
Overview: Is now confirmed as an impulse wave, that means the next trend up is confirmed Bitcoin. El...
Read More >
In this technical analysis, Kittiampon Somboonsod uses Elliott Wave charts to predict the recovery o...
Read More >
Overview: Bitcoin Bullish to 50,000. And I compare the wave structure of The Crypto Index to Bitcoin...
Read More >
You need to login in order to comment