$ETH Elliott Wave Analysis TradingLounge Daily Chart, 7 July 2023, 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: Wave ((2)) is likely to end at the level of 1620.15 A five-wave rise from this point will support this idea. Wave Cancel invalid level: 1620.15
#Ethereum /U.S.dollar(ETHUSD)Trading Strategy: Ethereum recovered well from the 1620.15 level and was able to form a strong five-wave structure, giving Ethereum the opportunity to form a new uptrend. Still, the price is still in the correction of wave (2), so wait for the reversal of wave (2) to complete to join the trend again.
Ethereum/U.S.dollar(ETHUSD)Technical Indicators: The price is below the MA200 indicating a downtrend, Wave Oscillator are bullish momentum
$VET VeChain Elliott Wave Analysis TradingLounge Daily Chart, 4 July 2023, VeChain/U.S.dollar(VETUSD) VETUSD Elliott Wave Technical Analysis Function: Counter trend Mode: Corrective Structure: Flat Position: Wave (C) Direction Next higher Degrees: wave ((II)) of Impulse Wave Cancel invalid Level: 0.01318 Details: Wave V is likely to end at the level of 0.01318. A five-wave rise will support this idea.
VeChain/U.S.dollar(VETUSD)Trading Strategy: VeChian recovered well from the 0.01318 level and was able to form a strong five-wave structure, giving Chainlink the opportunity to form a new uptrend. Still, the price is still below the MA200 line, giving the price a chance to face selling pressure. So be careful of the resistance at the MA200 line.
VeChain/U.S.dollar(VETUSD)Technical Indicators: The price is below the MA200 indicating a downtrend, Wave Oscillator are bullish momentum
VETUSD DAILY CHART
#VETUSD Elliott Wave Analysis TradingLounge 4H Chart, 4 July 2023, VeChain/U.S.dollar(VETUSD) VETUSD Elliott Wave Technical Analysis Function: Follow trend Mode: Motive Structure: Impulse Position: Wave (5) Direction Next higher Degrees: wave ((1)) of Impulse Wave Cancel invalid Level: 0.01318 Details: Wave 5 is usually equal to .618 multiplied Length of wave 1 through wave 3
VeChain/U.S.dollar(VETUSD)Trading Strategy: VeChian recovered well from the 0.01318 level and was able to form a strong five-wave structure, giving Chainlink the opportunity to form a new uptrend. But there may be a correction in wave ((2)) before rising higher. Wait for wave ((2)) to complete to join the trend again.
#VeChain /U.S.dollar(VETUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, Wave Oscillator are bullish momentum
VETUSD CHART 4 HOUR
Source: tradinglounge com Analyst: Kittiampon Somboonsod, CEWA
Elliott Wave Analysis TradingLounge Daily Chart, 3 July 2023, Polkadot/U.S.dollar(DOTUSD) DOTUSD Elliott Wave Technical Analysis Function: Follow Trend Mode: Motive Structure: Impulse Position: Wave ((3)) Direction Next higher Degrees: wave I of Motive Details: Wave 3 is equal to 1.618 x Wave 1 at 6.34 Wave Cancel invalid level: 4.26
Polkadot/U.S.dollar(DOTUSD)Trading Strategy: Polkadot recovered well from the 4.266 level and was able to form a strong five-wave structure, giving Chainlink the opportunity to form a new uptrend. But even so, the price is still below the MA200 line, giving the price a chance to face selling pressure. So watch out for resistance at the MA200 line.
Polkadot/U.S.dollar(DOTUSD)Technical Indicators: The price is below the MA200 indicating a downtrend, Wave Oscillator are bullish momentum
Elliott Wave Analysis TradingLounge 4H Chart, 3 July 2023, Polkadot/U.S.dollar(DOTUSD) DOTUSD Elliott Wave Technical Analysis Function: Follow Trend Mode: Motive Structure: Impulse Position: Wave ((3)) Direction Next higher Degrees: wave I of Motive Details: Wave 3 is equal to 1.618 x Wave 1 at 6.34 Wave Cancel invalid level: 4.26
Polkadot/U.S.dollar(DOTUSD)Trading Strategy: Polkadot recovered well from the 4.266 level and was able to form a strong five-wave structure, giving Chainlink the opportunity to form a new uptrend. And the price tends to continue to rise. from movement in waves ((3))
Polkadot/U.S.dollar(DOTUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, Wave Oscillator are bullish momentum
Elliott Wave Analysis TradingLounge Daily Chart, 1 July 2023, Bitcoin/U.S.dollar(BTCUSD) BTCUSD Elliott Wave Technical Analysis Function: Follow Trend Mode: Motive Structure: Impulse Position: Wave ((3)) Direction Next higher Degrees: wave III of Motive Details: Wave 3 is usually equal to 1.618 multiplied Length of wave 1 Wave Cancel invalid level: 24770.53
Bitcoin/U.S.dollar(BTCUSD)Trading Strategy: Bitcoin continues to trend higher. With the price above the MA200 line and the price structure still in the Impulse Wave pattern in wave ((3)), the overall Bitcoin trend is in a strong uptrend.
Bitcoin/U.S.dollar(BTCUSD)Technical Indicators: The price is above the MA200 indicating an uptrend MACD and RSI are bullish momentum
Elliott Wave Analysis TradingLounge 4H Chart, 1 July 2023, Bitcoin/U.S.dollar(BTCUSD) BTCUSD Elliott Wave Technical Analysis Function: Counter Trend Mode: Corrective Structure: Double Corrective Position: Wave Y Direction Next higher Degrees: wave (2) of Motive Details: Wave (2) is likely to end at the level of 29452.19 A five-wave rise from this point will support this idea.
Wave Cancel invalid level: 24770.53
Bitcoin/U.S.dollar(BTCUSD)Trading Strategy: Bitcoin continues to trend higher. With the price above the MA200 line and the price structure still in the Impulse Wave pattern in wave ((3)), the overall Bitcoin trend is in a strong uptrend.
Bitcoin/U.S.dollar(BTCUSD)Technical Indicators: The price is above the MA200 indicating an uptrend MACD and RSI are bullish momentum
Elliott Wave Analysis TradingLounge Daily Chart, 2 July 2023, Chainlink/U.S.dollar(LINKUSD)
LINKUSD Elliott Wave Technical Analysis
Function: Follow trend
Mode: Motive
Structure: Impulse
Position: Wave V
Direction Next higher Degrees: Wave V of Zigzag
Details: Wave V is likely to end at the 4.926 level and a five-wave rise will confirm this idea.
Wave Cancel invalid Level: 4.926
Chainlink/U.S.dollar(LINKUSD)Trading Strategy: Chainlink has recovered well from the 4.926 level and is also able to form a strong five-wave structure, giving Chainlink the opportunity to form a new upward trend. But even so, the price is still below the MA200 line, causing the price to face selling pressure. So wait for the reversal in wave ((2)) to join the trend again.
Chainlink/U.S.dollar(LINKUSD)Technical Indicators: The price is below the MA200 indicating a downtrend, Wave Oscillator are bullish momentum
Details: Wave 5 is usually equal to .618 multiplied Length of wave 1 through wave 3
Wave Cancel invalid Level: 4.926
Chainlink/U.S.dollar(LINKUSD)Trading Strategy: Chainlink has recovered well from the 4.926 level and is also able to form a strong five-wave structure, giving Chainlink the opportunity to form a new upward trend. But the price has moved in five waves. As a result, the price may be correct in wave ((2)), so wait for the retracement in wave ((2)) to complete to join the trend again.
Chainlink/U.S.dollar(LINKUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, Wave Oscillator are bullish momentum
Bitcoin Elliott Wave Analysis TradingLounge Daily Chart, 29 June 2023,Â
Bitcoin/U.S.dollar(BTCUSD)
BTCUSD Elliott Wave Technical Analysis
Function: Reactionary(Counter Trend)
Mode: Corrective
Structure: Double Corrective
Position: Wave(Y)
Direction Next higher Degrees: wave ((2)) of Motive
Details: Wave ((2)) is likely to end at the level of 24770.53 A five-wave rise from this point will support this idea.
Wave Cancel invalid level: 24770.53
Bitcoin/U.S.dollar(BTCUSD)Trading Strategy: Bitcoin is likely to end Wave ((2)) at the 24770.53 level, which is enough to reverse Wave((2)) in line with a healthy rebound from the MA200 level, giving us a five-wave movement. to support this idea And it could be the start of a new uptrend.
Bitcoin/U.S.dollar(BTCUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, Wave Oscillator has a Bullish momentum
Elliott Wave Analysis TradingLounge 4H Chart, 29 June 2023,Â
Bitcoin/U.S.dollar(BTCUSD)
BTCUSD Elliott Wave Technical Analysis
Function: 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: 24770.53
Bitcoin/U.S.dollar(BTCUSD)Trading Strategy: Bitcoin is likely to end Wave ((2)) at the level of 24770.53, which is enough to reverse Wave((2)) in line with a retest of the MA200 line. This makes us expect a five-wave movement. to support this idea And it could be the start of a new uptrend.
Bitcoin/U.S.dollar(BTCUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, Wave Oscillator has a Bearish momentum
Elliott Wave Analysis TradingLounge Daily Chart, 28 June 2023,Â
NEOUSD Elliott Wave Technical Analysis
Function: Reactionary (Counter Trend)
Mode: Corrective
Structure: Double Corrective
Position: Wave ((Y))
Direction Next higher Degrees: Wave II of Motive
Details:Â Wave II may have ended at the level of 6.97. Five waves of rise will support this idea.
Wave Cancel invalid Level: 5.91
NEO/U.S.dollar(NEOUSD)Trading Strategy: NEO Coin has had a good rebound from the 6.97 level which is enough to reverse wave II, but even then there is a chance of selling pressure. As the price is below the MA200 line, it may cause the price to correct again. If the correction does not descend below 6.97 from this point, it could be the start of a new uptrend.
NEO/U.S.dollar(NEOUSD)Technical Indicators: The price is below the MA200 indicating a Downtrend, Wave Oscillator has a Bearish momentum
NEOUSD Â Elliott Wave Analysis TradingLounge 4H Chart, 27 June 2023,Â
NEOUSD Elliott Wave Technical Analysis
Function: Reactionary (Counter Trend)
Mode: Follow Trend
Structure: Motive
Position: Wave 4
Direction Next higher Degrees: Wave (1) of Motive
Details: Retracement of wave ((4)) usually .382 x Length wave ((3))
Wave Cancel invalid Level: 6.95
NEO/U.S.dollar(NEOUSD)Trading Strategy: NEO Coin had a good rebound from the 6.97 level which was enough to reverse wave II, and also managed to break through the MA200, which is a good sign of recovery. But even so, the price still has a chance to correct again. In wave (2), if the correction does not come below 6.97 from this point, it may be the beginning of a new uptrend.
NEO/U.S.dollar(NEOUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, Wave Oscillator has a Bullish momentum
Elliott Wave Analysis TradingLounge Daily Chart, 26 June 2023,Â
Uniswap/U.S.dollar(UNIUSD)
UNIUSD Elliott Wave Technical Analysis
Function: Counter trend  Â
Mode: Corrective
Structure: Zigzag
Position: Wave (C)
Direction Next higher Degrees: wave ((2)) of Impulse
Wave Cancel invalid Level: 3.6594
Details: Wave V is likely to end at the level of 3.6594Â A five-wave rise will support this idea.
Uniswap/U.S.dollar(UNIUSD)Trading Strategy: Uniswap is likely to recover from the 3.659 level which we expect is the end of wave V. The rise will support this idea. But even so, the price is still below the MA200, it may still be pressured by selling pressure. Watch out for reversals in waves ((2)).
Uniswap/U.S.dollar(UNIUSD)Technical Indicators: The price is below the MA200 indicating a Downtrend, Wave Oscillator has a Bullish momentum
Elliott Wave Analysis TradingLounge 4H Chart, 26 June 2023,Â
Uniswap/U.S.dollar(UNIUSD)
UNIUSD Elliott Wave Technical Analysis
Function: Follow trend  Â
Mode: Motive
Structure: Impulse
Position: Wave (3)
Direction Next higher Degrees: wave ((1)) of Impulse
Wave Cancel invalid Level: 3.6594
Details: Wave 3 is usually equal to 1.618 multiplied Length of wave 1
Uniswap/U.S.dollar(UNIUSD)Trading Strategy: Uniswap is likely to recover from the 3.659 level which we expect is the end of wave V. The rise will support this idea. Also, the price can break the MA200 line, but it may be pressured by selling pressure. Watch out for reversals in waves ((2)).
Uniswap/U.S.dollar(UNIUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, Wave Oscillator has a Bullish momentum
Summary: Bitcoin To confirm a positive Elliott Wave Impulse structure to the upside is five waves, BTC current has four wave up, so we need to one more new high to create Wave (i)
Elliott Wave iv of (i)
Analyst Peter Mathers TradingLoungeâą Australian Financial Services Licence - AFSL 317817
Elliott Wave Analysis TradingLounge Daily Chart, 22 June 2023, $TRON /U.S.dollar(TRXUSD) TRXUSD Elliott Wave Technical Analysis Function: Follow trend Mode: Motive Structure: Impulse Position: Wave III Direction Next higher Degrees: wave (I) of Impulse Wave Cancel invalid Level: 0.045 Details: Wave III is usually equal to 1.618 multiplied Length of Wave I TRON /U.S.dollar(TRXUSD)Trading Strategy: TRON Wave((2)) is likely to end at the level of 0.064720, which is enough to retrace Wave((2)) corresponding to a rebound from the MA200 line, making our forecast. Five-wave movement to support this idea. And it could be the start of a new uptrend. TRON /U.S.dollar(TRXUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, Wave Oscillator has a Bearish momentum
Elliott Wave Analysis TradingLounge 4H Chart, 22 June 2023, TRON /U.S.dollar(TRXUSD) TRXUSD Elliott Wave Technical Analysis Function: Follow trend Mode: Motive Structure: Impulse Position: Wave (3) Direction Next higher Degrees: wave ((3)) of Impulse Wave Cancel invalid Level: 0.06392 Details: Wave (3) is usually equal to 1.618 multiplied Length of Wave I TRON /U.S.dollar(TRXUSD)Trading Strategy: TRON Wave((2)) is likely to end at the level of 0.064720, which is enough to retrace Wave((2)) corresponding to a rebound through the MA200 line, making our forecast. Five-wave movement to support this idea. And it could be the start of a new uptrend. TRON /U.S.dollar(TRXUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, Wave Oscillator has a Bullish momentum
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: Wave ((2)) is likely to end at the level of 1620.15 A five-wave rise from this point will support this idea. Wave Cancel invalid level: 1073.42
Motive Structure: Impulse Position: Wave 3 Direction Next higher Degrees: wave (1) of Motive Details: Wave 3 is usually equal to 1.618 multiplied Length of Wave 1 Wave Cancel invalid level: 26266.68
Source: tradinglounge
Explore the latest crypto news
âĄïž Be a part of the latests discussions in crypto