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]