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By tradinglounge · Posted
Elliott Wave Analysis TradingLounge Daily Chart, ChainLink/ U.S. dollar(LINKUSD) LINKUSD Elliott Wave Technical Analysis Function: Counter Trend Mode: Corrective Structure: Triple Corrective Position: Wave Z Direction Next higher Degrees: Wave ((II)) of Impulse Wave Cancel invalid Level: Details:: Wave (II) is likely to retest at 6.882 ChainLink/ U.S. dollar(LINKUSD)Trading Strategy: The correction in wave ((2)) seems to be not over yet, so we focus on the decline in wave ((2)). It is likely to go down to test the 6.882 level, but all this is a short-term pullback, look for a resumption of the trend. ChainLink/ U.S. dollar(LINKUSD)Technical Indicators: The price is below the MA200 indicating a downtrend, The Wave Oscillator is a Bullish Momentum. ChainLink/ U.S. dollar(LINKUSD) LINKUSD Elliott Wave Technical Analysis Function: Counter Trend Mode: Corrective Structure: Triple Corrective Position: Wave Z Direction Next higher Degrees: Wave ((II)) of Impulse Wave Cancel invalid Level: Details:: Wave (II) is likely to retest at 6.882 ChainLink/ U.S. dollar(LINKUSD)Trading Strategy: The correction in wave ((2)) seems to be not over yet, so we focus on the decline in wave ((2)). It is likely to go down to test the 6.882 level, but all this is a short-term pullback, look for a resumption of the trend. ChainLink/ U.S. dollar(LINKUSD)Technical Indicators: The price is below the MA200 indicating a downtrend, The Wave Oscillator is a Bullish Momentum. Technical Analyst : Kittiampon Somboonsod Source : Tradinglounge.com get trial here! -
I think it's quite early to justify that SOL would be bullish this month but if it should then more value will be added to my pf at the Trade Smarter platform. A win for me but let's watch and see.
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October can be a bit of a wild card for Solana. I’ve noticed it sometimes rallies if the broader crypto market is feeling optimistic, but there’s also been some volatility. Last year, for example, it had some nice gains, but I've also seen it drop unexpectedly due to market shifts. I think it’s smart to stay updated on the latest news and trends and keep an eye on market sentiment if you're thinking about investing.
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