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ChainLink Crypto Price News Today Elliott Wave Technical Analysis


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Elliott Wave Analysis TradingLounge Daily Chart,

ChainLink/ U.S. dollar(LINKUSD)

LINKUSD Elliott Wave Technical Analysis

Function: Counter Trend

Mode: Corrective

Structure: Double Corrective

Position: Wave Y

Direction Next higher Degrees: Wave ((II)) of Impulse

Wave Cancel invalid Level: 8.498

Details: Wave (II) is equal to 61.8% of Wave (I) at 8.86 Level

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

ChainLink overall is still in the period of correction. In the position of wave (II) with a double corrective pattern, the view is therefore for a short-term pullback before rising again in wave (III), waiting for the correction to complete to rejoin the uptrend.

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

Crypto24.thumb.png.86af5fff116eaeeacf6a5b378741d35f.png

 

Elliott Wave Analysis TradingLounge H4 Chart,

ChainLink/ U.S. dollar(LINKUSD)

LINKUSD Elliott Wave Technical Analysis

Function: Counter Trend

Mode: Corrective

Structure: Double Corrective

Position: Wave Y

Direction Next higher Degrees: Wave ((II)) of Impulse

Wave Cancel invalid Level: 8.498

Details: Wave (II) is equal to 61.8% of Wave (I) at 8.86 Level

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

Chainlink overall is still in the period of correction. In the position of wave (II) with a double corrective pattern, the view is therefore for a short-term pullback before rising again in wave (III), waiting for the correction to complete to rejoin the uptrend.

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

Crypto24(1).thumb.png.e6aea0cc33f2f11a632115ff0ca70cab.png

 

Technical Analyst Kittiampon Somboonsod

Source : Tradinglounge.com get trial here!

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