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Chainlink crypto price news today Elliott Wave technical analysis [Video]

Elliott Wave Analysis TradingLounge.

ChainLink/ U.S. dollar(LINKUSD).

LINK/USD 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.

Chart

ChainLink/ U.S. dollar(LINKUSD).

LINK/USD 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.

Chart

Technical analyst: Kittiampon Somboonsod.

LINK/USD Elliott Wave technical analysis [Video]

Author

Peter Mathers

Peter Mathers

TradingLounge

Peter Mathers started actively trading in 1982. He began his career at Hoei and Shoin, a Japanese futures trading company.

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