10May
THETAUSD Elliott Wave Technical Analysis May 10 2023
THETAUSD Elliott Wave Technical Analysis May 10 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
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
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