Elliott Wave analysis trading lounge daily chart

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: Wave V is equal to 61.8% of Wave I through Wave III at 23.117.

ChainLink/US Dollar (LINK/USD) trading strategy

The increase in wave ((3)) precedes the correction in wave ((5)) and is at the end of the increase, so watch out for a correction that will occur soon.

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

Chart

Elliott Wave analysis TradingLounge four hour chart

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: Wave V is equal to 61.8% of Wave I through Wave III at 23.117.

ChainLink/US Dollar (LINK/USD) trading strategy

The increase in wave ((3)) precedes the correction in wave ((5)) and is at the end of the increase, so watch out for a correction that will occur soon.

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

Chart

 


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