LINK/USD Elliott Wave technical analysis [Video]
|LINK/USD 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.
LINK/USD 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.
LINK/USD 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.
LINK/USD 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 .
LINK/USD Elliott Wave technical analysis [Video]
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