Cryptocurrency Elliott Wave Blog!
BTC, ETH, BNB, XRP, ADA, DOT, AAVE, LINK, DOGE, XMR, NEO, THETA, TRX, UNI, VET

10May

ETHUSD Elliott Wave Technical Analysis May 11 2023

Crypto_Splash-ETH

ETHUSD Elliott Wave Technical Analysis May 11 2023

4Hour

Ethereum /U.S.dollar(ETHUSD)
Elliott Wave Technical Analysis
Function: Reactionary(Counter Trend)
Mode: Corrective
Structure: Zigzag
Position: Wave C
Direction Next higher Degrees: wave (2) of Motive
Details: The retracement of wave (2) has a probability of .618 x wavelength (1).
Wave Cancel invalid level: 1688.00


Ethereum /U.S.dollar(ETHUSD)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.


Ethereum /U.S.dollar(ETHUSD)Technical Indicators: The price is below the MA200 indicating a downtrend MACD and RSI are  Bearish momentum


Daily

Ethereum /U.S.dollar(ETHUSD)
ETHUSD Elliott Wave Technical Analysis
Function: Reactionary(Counter Trend)
Mode: Corrective
Structure: Zigzag
Position: Wave C
Direction Next higher Degrees: wave (2) of Motive
Details: The retracement of wave (2) has a probability of .618 x wavelength (1).
Wave Cancel invalid level: 1688.00


Ethereum /U.S. dollar (ETHUSD)Trading Strategy: There is still a risk of correction of the wave (2), which has the opportunity to test the MA200 line, which is an important support. Wait for the correction to complete. to join the trend again


Theta Token /U.S.dollar(THETAUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend MACD and RSI are  Bearish momentum

About the Author

Related

Bitcoin Technical Analysis Elliott Wave 1 Oct 2021

Bitcoin Technical Analysis Elliott Wave 1 Oct 2021

There is a good case for being bearish and bullish, in regards to the Elliott Wave count both market...

Read More >
AAVEUSD  Elliott Wave Technical Analysis February 26 2023

AAVEUSD Elliott Wave Technical Analysis February 26 2023

A technical analysis and price prediction for Aave (AAVEUSD) cryptocurrency using Elliott Wave theor...

Read More >
BTCUSD Elliott Wave Technical Analysis 05 December 2022

BTCUSD Elliott Wave Technical Analysis 05 December 2022

Elliott Wave charts by Kittiampon Somboonsod 4 Hour - The Bitcoin price recovery is still doing well...

Read More >
Bitcoin Technical Analysis, 25 August 2021

Bitcoin Technical Analysis, 25 August 2021

Bitcoin can now have a top in place. A breach of 46,500 would confirm this. Technical Analysis Bitco...

Read More >
TRXUSD Elliott Wave Technical Analysis March 28 2023

TRXUSD Elliott Wave Technical Analysis March 28 2023

Tron (TRX) is analyzed through Elliott Wave charts by Kittiampon Somboonsod, indicating a possible u...

Read More >
BNBUSD Elliott Wave Technical Analysis May 15 2023

BNBUSD Elliott Wave Technical Analysis May 15 2023

Kittiampon Somboonsod's Elliott Wave charts suggest a positive outlook for Binance Coin (BNBUSD)...

Read More >
You need to login in order to comment
WHAT YOUR TRIAL INCLUDES
At TradingLounge we offer our Members access to all areas!
  • Our coverage means you get maximum flexibility in your trading options
  • Analysis updates every day Mon-Fri
  • Elliott Wave specialists
  • Discretionary strategies to take away
Our huge range of markets include charts + videos for:
  • Indices – US, Asian + Euro
  • Commodities – Gold, Oil, Silver, Copper, Iron Ore, Lithium, Uranium, Nickel, DXY, Gold, Silver, GDX, Commodity Futures Markets
  • Forex daily – AUDUSD, EURUSD + US Dollar Index
  • Cryptocurrencies - Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), Ripple (XRP), Cardano (ADA), Polkadot (DOT), Aave (AAVE), Chainlink (LINK),Dogecoin (DOGE), Monero (XMR), Neo (NEO), Theta (THETA),Tron (TRX), Uniswap (UNI), VeChain token (VET)
Also included so your trading can really improve:

Trading Education

Elliott Wave Course

TradingLevels Course

Social chat with other traders

  • Phone + Email support