BEST VALUE ELLIOTT WAVE SERVICE - Talk to 8 Analysts in our Chat Lounge - Get 2 FREE Months! https://tradinglounge.com/341 Over 200 Markets, Chat Rooms, AI & Algo Elliott Wave Charting, Trade Portfolios & More.. Elliott Wave Analysis – TradingLounge Daily Chart, Theta Token / U.S. Dollar (THETAUSD) THETAUSD – Elliott Wave Technical Overview Function: Trend-following Mode: Motive Structure: Impulse Current Position: Wave 4 Next Direction at Higher Degrees: Awaiting development Invalidation Level: Breach near $0.620 will invalidate the structure Theta Token (THETAUSD) – Trading Strategy Since completing the downward V wave in April, Theta has initiated a strong rebound. The market now moves in a motive wave pattern, progressing toward wave (5) that will finalize major wave I of the uptrend. Waves ① through ④ have formed, and wave ⑤ has just begun, aiming for the 0.618 Fibonacci Extension of waves 1–3 at approximately $1.196. A drop below $0.620 would invalidate the current structure and require a reassessment. Trading Strategies Strategy Type ✅ Swing Trade Strategy for Short-Term Traders Momentum or swing traders can look for a small pullback as a potential entry point for long positions. Wave ⑤ target range: $1.19 to $1.25 Risk Management 🟥 Stop-loss guidance: Below $0.82 or at a firm base near $0.72 Elliott Wave Analysis – TradingLounge H4 Chart, Theta Token / U.S. Dollar (THETAUSD) THETAUSD – Elliott Wave Technical Overview Function: Trend-following Mode: Motive Structure: Impulse Current Position: Wave 4 Next Direction at Higher Degrees: Awaiting development Invalidation Level: Breach near $0.620 will invalidate the structure Theta Token (THETAUSD) – Trading Strategy As the downward wave V ended in April, THETA began forming a new motive wave structure. This pattern progresses into wave (5), which is intended to complete major wave I of this upward cycle. With waves ①–④ completed, wave ⑤ is active, with a price target aligned to the 0.618 Fibonacci Extension of waves 1–3, placing it near $1.196. Breaching the $0.620 level will nullify this wave count. Trading Strategies Strategy Type ✅ Swing Trade Strategy for Short-Term Traders Momentum or swing traders may wait for a pullback before initiating long trades. Wave ⑤ price target: $1.19 – $1.25 Risk Management 🟥 Suggested stop-loss levels: below $0.82 or anchored at $0.72 Technical Analyst : Kittiampon Somboonsod, CEWA BEST VALUE ELLIOTT WAVE SERVICE - Talk to 8 Analysts in our Chat Lounge - Get 2 FREE Months! https://tradinglounge.com/341 Over 200 Markets, Chat Rooms, AI & Algo Elliott Wave Charting, Trade Portfolios & More.. YOU CAN REACH ME via: LinkedIn:https://linkedin.com/in/petermathers Facebook: https://www.facebook.com/tradinglounge/ Twitter: https://twitter.com/tradinglounge https://tradinglounge.com/ Special Trial Offer - Buy 3 months subscription and get 5 Months! Click here https://tradinglounge.com/341 7 Analysts Over 200 Markets Covered Risk Disclaimer - This is not financial advice. The material does not contain (and should not be construed as containing) personal financial or investment advice or other recommendations, or an offer of, or solicitation for, a transaction in any financial instrument. The information does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. Tradinglounge accepts no responsibility for any use that may be made of these comments and for any consequences that result. Tradinglounge™ uses a range of technical analysis tools, such as Volume Analysis, Trading Levels, Elliott Wave, software, and fundamental analysis as well as economic forecasts aimed at minimising the potential for loss. The advice we provide through our Trading Lounge™ websites and our Trading Lounge™ Membership and social media platforms has been prepared without taking into account your particular objectives, financial situation or needs. Reliance on such advice, information or data is at your own risk. The decision to trade and the method of trading is for you alone to decide, trading lounge takes no responsibility whatsoever for your trading losses or profits This information is of a general nature only, so you should, before acting upon any of the information or advice provided by us, consider the appropriateness of the advice considering your own objectives, financial situation or needs. Therefore, you should consult your financial advisor or accountant to determine whether trading all and any financial products. #THETA #THETAUSD #ElliottWave #CryptoTrading #SwingTrading #TechnicalAnalysis #CryptoSignals #TradingStrategy #RiskManagement #ChartAnalysis #CryptoForecast #FibonacciExtension #TradingLounge #WaveAnalysis #Altcoin #CryptoMarket #TrendFollowing #ShortTermTrade #MotiveWave #Wave5
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