Ethereum/U.S.dollar(ETHUSD) Elliott Wave Technical Analysis 21 March 23
Elliott Wave Analysis TradingLounge Daily Chart, 21 March 23,
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.
TradingLounge Analyst: Kittiampon Somboonsod, CEWA
Source : Tradinglounge.com get trial here!
Elliott Wave Analysis TradingLounge 4H Chart, 21 March 23,
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).
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.
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