Jump to content

Chainlink/U.S.dollar(LINKUSD) Elliott Wave Technical Analysis 16 June 23


Recommended Posts

Elliott Wave Analysis TradingLounge Daily Chart, 16 June 23,  

Chainlink/U.S.dollar(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: Wave 3 is usually equal to 1.618 multiplied Length of wave 1

Wave Cancel invalid Level:

Chainlink/U.S.dollar(LINKUSD)Trading Strategy: The downtrend continues. From the decline of wave 3, which corresponds to the price being below the MA200 line, showing a clear downward trend, expecting wave 3 to have support at 4.961

Chainlink/U.S.dollar(LINKUSD)Technical Indicators: The price is below the MA200 indicating a Downtrend, Wave Oscillator has a Bearish momentum.

TradingLounge Analyst: Kittiampon Somboonsod, CEWA

 

LINKday.thumb.png.7cfd9e85a16e8f8e215f8b12115c6d72.png

 

Elliott Wave Analysis TradingLounge 4H Chart, 16 June 23,  

Chainlink/U.S.dollar(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: Wave 3 is usually equal to 1.618 multiplied Length of wave 1

Wave Cancel invalid Level: 6.675

Chainlink/U.S.dollar(LINKUSD)Trading Strategy: The downtrend continues. From the decline of wave 3, which corresponds to the price being below the MA200 line, showing a clear downward trend, expecting wave 3 to have support at 4.961

Chainlink/U.S.dollar(LINKUSD)Technical Indicators: The price is below the MA200 indicating a Downtrend, Wave Oscillator has a Bearish momentum.

LINKH4.thumb.png.f412741b24df3614246798828ae16116.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
×
×
  • Create New...
us