Theta Token (THETAUSD) Crypto Price News Today Elliott Wave Technical Analysis By TrdingLounge

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 Analysis Function: Following the trend Mode: Motive Structure: Impulse Position: Wave 3 Direction Next Higher Degrees: Wave Cancel Invalid Level: Theta Token / U.S. Dollar (THETAUSD) Trading Strategy: In early April, THETA established a strong base by completing wave V and starting a fresh uptrend with wave ①. Since then, the price entered a consolidation phase in wave ②, retracing to test the 61.8% Fibonacci support level. It rebounded sharply from this area, signaling a possible beginning of a strong wave ③. Trading Strategies: Strategy Approach ✅ For short-term traders (Swing Trade): Upon confirmation of a reversal above $0.74 with increased volume, traders may consider opening long positions aiming for wave ③. Risk Management: 🟥 Wave Cancelation (W.C.) Invalid: If the price drops below $0.60, the wave structure would be invalid. Elliott Wave Analysis TradingLounge H4 Chart, Theta Token / U.S. Dollar (THETAUSD) THETAUSD Elliott Wave Technical Analysis Function: Following the trend Mode: Motive Structure: Impulse Position: Wave 3 Direction Next Higher Degrees: Wave Cancel Invalid Level: Theta Token / U.S. Dollar (THETAUSD) Trading Strategy: During early April, THETA formed a significant base by finalizing wave V, launching a new uptrend with wave ①. The asset has been consolidating within wave ②, recently dipping to the 61.8% Fibonacci retracement before surging upwards, suggesting the early stages of wave ③. Trading Strategies: Strategy Approach ✅ For short-term traders (Swing Trade): Traders should look to go long if a reversal above $0.74 is confirmed along with volume increases. Risk Management: 🟥 Wave Cancelation (W.C.) Invalid: A decline under $0.60 would invalidate the current wave setup. 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. #ThetaToken #THETAUSD #CryptoAnalysis #ElliottWave #CryptoTrading #TechnicalAnalysis #CryptoStrategy #SwingTrading #TradingLounge #TradingSetup #CryptoMarket #TrendFollowing #ImpulseWave #WaveAnalysis #PriceAction #TradingSignals #CryptoTrends #WaveTheory #CryptoTechnicalAnalysis #TradingLounge