Jump to content

Chainlink(LINKUSD) Elliott Wave Technical Analysis 12 October 2022


Recommended Posts

Chainlink(LINKUSD)

LINKUSD Elliott Wave Technical Analysis

Function: Follow trend

Mode: Motive

Structure: Impulse

Position: Wave (3)

Direction Next higher Degrees: Wave V of Motive

Details: The price is still on a short-term downtrend. There is an opportunity to trade

below 5.311 but must not pullback above 8.533

Wave Cancel invalid Level: 8.533

Chainlink(LINKUSD)Trading Strategy: The decline of Wave (3) is likely to be 1.618 x Wave

(1) at the 5.508 level. This could be a short-term opportunity to open a short position.

However, the price must not pull back above 7.732.

Chainlink(LINKUSD)Technical Indicators: The price is below the MA50O and MA200 lines,

MACD and MACD Histogram have bearish Divergence the trend is bearish.

Tradinglounge Analyst: Alessio Barretta

 

1215714725_LINKday.thumb.png.f7a6b3820a2a307067a877f12eeb333a.png

 

 

 

Chainlink(LINKUSD)

LINKUSD Elliott Wave Technical Analysis

Function: Follow trend

Mode: Motive

Structure: Impulse

Position: Wave (3)

Direction Next higher Degrees: Wave V of Motive

Details: The price is still on a short-term downtrend. There is an opportunity to trade

below 5.311 but must not pullback above 8.533

Wave Cancel invalid Level: 8.533

Chainlink(LINKUSD)Trading Strategy: The decline of Wave (3) is likely to be 1.618 x Wave

(1) at the 5.508 level. This could be a short-term opportunity to open a short position.

However, the price must not pull back above 7.732.

Chainlink(LINKUSD)Technical Indicators: The price is below the MA50O and MA200 lines,

MACD is below the Zero line, and the trend is bearish.

426285897_LINKH4.thumb.png.129b67b1be25f1a3e3331b04f0329415.png

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • image.png

  • Posts

    • Stock Market Report S&P 500,  NASDAQ 100,  RUSSELL 2000,  DAX 40,  FTSE 100,  ASX 200. Elliott Wave Technical Analysis Elliott Wave Update: Jobless Claims Thursday. Current Elliott wave ii) correction incomplete but anticipated to finish soon. Concerns of SP500 and Nasdaq being dragged down, risking Wave ii) correction to 5000 and 18,000 respectively. Waiting for potential long trade setup late Thursday or Friday morning. Overall bullish trend intact; aiming to buy new highs to capture upside potential indicated by big tech stocks. Patience is key. Video Chapters 00:00 SP 500 (SPX) 07:04 NASDAQ (NDX) 11:44 Russell 2000 (RUT) 14:26 DAX 40 (DAX) 17:35 FTSE 100 UKX (UK100) 18:33 ASX 200 (XJO) 21:55 End Analyst Peter Mathers TradingLounge™ Australian Financial Services Licence - AFSL 317817 Source: tradinglounge com  
    • @KoketsoIGFollowing up endlessly. Any updates yet?
    • Recently, we have noticed the growth of Mobile mining, a lot of projects have sprung up where users earn passively through these mining platforms. Under the same breath, ICE blockchain has evolved as a new digital currency that can be mined or earned from any mobile device. The bourgeoning blockchain is solely based on a community of trust and has a decentralized governance model. The network is built with inherent scalability, such that it can scale a good number of network participants without compromising its speed or efficiency. On its most positive side, the Ice Open Network has high performance and has the innate capacity to process millions of transactions per second, heralding it as one of the fastest blockchains in the world. Through the instrument of its threads and shards, it parallelizes transactions into bits thus significantly increasing throughput and enhancing scalabilty. Apart from being highly scalable, it is an offshoot of TON blockchain that seeks to bring forth decentralized services for data privacy, user control and efficient data management. In the core spirit of Web3, Ice network has a decentralized identity service that allows users to create and manage their own digital identities with top level assurance, privacy and security. Flowing from above, the ICE network has a good number of usecases and more are in the offing as well. Consequently, platforms like Bitget have declared intent to list the native token $ICE on 28th February, with a deposit to earn event. This is a really good way for the project to garner spotlight. I’m optimistic as per its growth in the long run.    
×
×
  • Create New...
us