Ethereum/U.S. dollar(ETHUSD) Elliott Wave Technical Analysis 27 July 23
@TradingLounge：
Elliott Wave Analysis TradingLounge Daily Chart, 27 July 23, 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: Retracement of wave ((2)) usually .50 or .618 x Length wave ((1)) Wave Cancel invalid level: 1620.15 Ethereum/U.S. dollar(ETHUSD)Trading Strategy: We continue to consider a decline in the blue wave (2). Retracement of wave ((2)) usually .50 or .618 x Length wave ((1)). Another rise in the blue wave (3) opens the possibility of joining the trend again. Ethereum/U.S. dollar(ETHUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, Wave Oscillator are bullish momentum. TradingLounge Analyst: Kittiampon Somboonsod, CEWA Source : Tradinglounge.com get trial here! Elliott Wave Analysis TradingLounge 4H Chart, 27 July 23, 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: We are considering ending wave ((2)) from rising above 1905.41 level. Wave Cancel invalid level: 1620.15 Ethereum/U.S. dollar(ETHUSD)Trading Strategy: Considering the end of the blue wave (2) is confirmed by a breakout. top parallel channel or an increase above the level of 1905.41 Ethereum/U.S. dollar(ETHUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, Wave Oscillator are bullish momentum.
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