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

About the Author
Related
Polkadot and DOTUSD have seen a recovery and a third wave rise according to Elliott Wave charts by K...
Read More >
Cardano and ADAUSD's short-term downtrend are predicted by Elliott Wave analysis by Kittiampon S...
Read More >
Elliott Wave charts by Kittiampon Somboonsod 4 Hour - Vechain Coin has recovered well from the 0.015...
Read More >
Bitcoin Overview: 46,500 breach sends Bitcoin lower. Bitcoin Technical Analysis: Major Trading Level...
Read More >
Elliott Wave charts by Kittiampon Somboonsod 4 Hour - Bitcoin is likely to recover well as price bre...
Read More >
Binance Coin (BNB) has seen a recovery above the MA200 line, indicating that the Elliott Wave ((2)) ...
Read More >
You need to login in order to comment