fxs_header_sponsor_anchor

Ethereum Elliott Wave technical analysis [Video]

ETH/USD Elliott Wave technical analysis 

Function: Follow Trend.

Mode: Motive.

Structure: Impulse.

Position: Wave (5).

Direction next higher degrees: wave ((3)).

Details: Wave (4) may be complete and prices increase again in Wave (5).

ETH/USD trading strategy

Ethereum as a whole is moving in an uptrend with an Impulse pattern where the third-wave of the move is now complete. We are currently recovering in the short term from the fourth wave correction. And the price will rise again in the fifth wave. Looking at five opportunities to trade the fifth wave uptrend.

Ethereum/ U.S. dollar(ETHUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, The Wave Oscillator is a bullish Momentum.

ETH/USD Elliott Wave Analysis four-hour chart

Function: Follow Trend

Mode: Motive

Structure: Impulse

Position: Wave (5)

Direction next higher degrees: Wave ((3))

Details: Wave (4) may be complete and prices increase again in Wave (5)

ETH/USD trading strategy

Ethereum as a whole is moving in an uptrend with an Impulse pattern where the third-wave of the move is now complete. We are currently recovering in the short term from the fourth wave correction. And the price will rise again in the fifth wave. Looking at five opportunities to trade the fifth wave uptrend.

Ethereum/ U.S. dollar(ETHUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, The Wave Oscillator is a bullish Momentum.

Ethereum Elliott Wave technical analysis [Video]

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.