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Chainlink Crypto Price News Today Elliott Wave Technical Analysis


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Elliott Wave Analysis TradingLounge Daily Chart,

ChianLink/ 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: Wave C May be complete and the price increase again in Wave A or I.

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

It looks like the correction wave (II) is over. And the price is rising in wave (III), so we will focus on the five-wave increase in the Impulse pattern, which is likely to stay above the 24.00 level.

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

Crypto24(1).thumb.png.f89ea661790a3f3aef8c8496e3a0c97c.png

 

Elliott Wave Analysis TradingLounge H4 Chart,

ChianLink/ 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: Wave C May be complete and the price increase again in Wave A or I

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

It looks like the correction wave (II) is over. And the price is rising in wave (III), so we will focus on the five-wave increase in the Impulse pattern, which is likely to stay above the 24.00 level.

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

Crypto24.thumb.png.8258a33c69f5beeebb27da1465869ec8.png

Technical Analyst Kittiampon Somboonsod

Source : Tradinglounge.com get trial here!

 

Edited by tradinglounge
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  • tradinglounge changed the title to Chainlink Crypto Price News Today Elliott Wave Technical Analysis

I once tried to decipher market trends on my own, and let's just say it was a bit like navigating through a foggy forest with no map! Having these technical indicators and strategies laid out so clearly feels like getting a compass to guide me through.

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