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Chainlink/ U.S. dollar(LINKUSD) Elliott Wave Technical Analysis 12 March 24


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Elliott Wave Analysis TradingLounge Daily Chart, 12 March 24,

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 (I) of Impulse

Wave Cancel invalid Level: 8.498

Details: It is likely to increase further as Wave 5 continues to expand.

Chainlink/ U.S. dollar(LINKUSD)Trading Strategy:

Chainlink continues to trend higher from the 5th Wave surge, but even then, the 5th Wave will provide a warning before a correction or trend change. Therefore, trading during this period should be done with caution.

Chainlink/ U.S. dollar(LINKUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, Wave Oscillator is a bullish Momentum.

TradingLounge Analyst: Kittiampon Somboonsod, CEWA

 

 

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Elliott Wave Analysis TradingLounge 4Hr Chart, 12 March 24,

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 (I) of Impulse

Wave Cancel invalid Level: 8.498

Details: It is likely to increase further as Wave 5 continues to expand.

Chainlink/ U.S. dollar(LINKUSD)Trading Strategy:

Chainlink continues to trend higher from the 5th Wave surge, but even then, the 5th Wave will provide a warning before a correction or trend change. Therefore, trading during this period should be done with caution.

Chainlink/ U.S. dollar(LINKUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, Wave Oscillator is a bullish Momentum .

 

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In Elliott Wave Technical Analysis for Chainlink/ U.S. dollar (LINKUSD) on March 12, experts assess market trends based on Elliott Wave Theory. By analyzing wave patterns and market sentiment, they provide insights into potential price movements, aiding investors in making informed decisions regarding their LINKUSD holdings.

 
 
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