Jump to content

ChainLink Crypto Price News Today Elliott Wave Technical Analysis


Recommended Posts

Elliott Wave Analysis TradingLounge Daily Chart,
ChainLink/ U.S. dollar(LINKUSD)
LINKUSD Elliott Wave Technical Analysis
Function: Counter Trend
Mode: Corrective
Structure: Zigzag
Position: Wave C
Direction Next higher Degrees: Wave (I) of Impulse
Wave Cancel invalid Level: 8.498
Details: the corrective of Wave (II) is equal to 61.8% of Wave (I) at 8.702 Log scale chart

ChainLink/ U.S. dollar(LINKUSD)Trading Strategy:
The second wave correction is likely to go down to test the 10.585 level before rising again in the third wave. Therefore, the overall picture is a short-term pullback to continue rising. Wait for the correction to complete to rejoin the trend.

ChainLink/ U.S. dollar(LINKUSD)Technical Indicators: The price is above the MA200 indicating a Downtrend, The Wave Oscillator is a Bearish Momentum.




Elliott Wave Analysis TradingLounge H8 Chart,
ChainLink/ U.S. dollar(LINKUSD)
LINKUSD Elliott Wave Technical Analysis
Function: Follow Trend
Mode: Motive
Structure: Impulse
Position: Wave 5
Direction Next higher Degrees: Wave ((C)) of Zigzag
Wave Cancel invalid Level: 81.238
Details: The Five-Wave Decline of Wave ((C)) trend to test 11.582 Level

ChainLink/ U.S. dollar(LINKUSD)Trading Strategy:
The second wave correction is likely to go down to test the 10.585 level before rising again in the third wave. Therefore, the overall picture is a short-term pullback to continue rising. Wait for the correction to complete to rejoin the trend.

ChainLink/ U.S. dollar(LINKUSD)Technical Indicators: The price is above the MA200 indicating a Downtrend, The Wave Oscillator is a Bearish Momentum.

Technical Analyst : Kittiampon Somboonsod

Source : Tradinglounge.com get trial here!

 

Crypto24.thumb.png.3174dcd23213ddc25b9ba55106e3ec8d.png

 

 

Crypto24(1).thumb.png.e6def2cc441ba6afce00ca37b58cd9e1.png

 

 

Edited by tradinglounge
Image added
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

    • Dear @Luis, Thank you for your post. Please make use of the search function on the platform. You can use ' 500 ETF' as keywords. Please also bear in mind that retail investors can't purchase most US ETFs. All the best, KoketsoIG
    • DE Elliott Wave Analysis Trading Lounge Daily Chart, Deere & Co., (DE) Daily Chart DE Elliott Wave Technical Analysis FUNCTION: Trend MODE: Impulsive STRUCTURE: Motive POSITION: Minor 2 of (1). DIRECTION: Bottoming in wave 2.   DETAILS: Looking for a three wave move in wave 2 to be soon completed, to then continue higher.   DE Elliott Wave Analysis Trading Lounge 4Hr Chart, Deere & Co., (DE) 4Hr Chart DE Elliott Wave Technical Analysis FUNCTION: Counter Trend MODE: Corrective   STRUCTURE: Flat POSITION: Wave {c} of C.   DIRECTION: Wave (v) of {c}. DETAILS: Looking for equality of {c} vs. {a} at 390$, looking for a Classic Trading Level Pattern around 400$ to then enter long positions.   Welcome to our latest Elliott Wave analysis for Deere & Co. (DE), In this report, we provide a detailed examination of DE's price movements and future projections using the Elliott Wave Theory. This analysis will cover both the daily and 4-hour charts, offering insights into the current trends and potential trading opportunities. Whether you are a seasoned trader or a market enthusiast, this analysis aims to enhance your understanding of DE's market behavior.   * DE Elliott Wave Technical Analysis – Daily Chart* In our latest Elliott Wave analysis of Deere & Co. (DE), we observe a bullish trend with an impulsive structure. Currently positioned at Minor wave 2 of (1), DE is bottoming in wave 2. We anticipate the three-wave move in wave 2 to soon complete, setting the stage for a continuation to the upside. Traders should watch for signs of this bottoming to prepare for potential long positions as the trend resumes. * DE Elliott Wave Technical Analysis – 4Hr Chart* On the 4-hour chart, DE is exhibiting a corrective mode within a flat structure, specifically positioned in wave {c} of C. We are looking for wave (v) of {c} to reach equality with wave {a} at the $390 level. Additionally, we expect a Classic Trading Level Pattern to emerge around the $400 mark. This pattern will provide an opportunity to enter long positions as DE completes its corrective phase and resumes its upward movement.   Technical Analyst : Alessio Barretta Source : Tradinglounge.com get trial here!  
    • What is the etf sp500 here without being CFD i can invest on please?
×
×
  • Create New...
us