Chainlink /U.S.dollar(LINKUSD) Elliott Wave Technical Analysis
Elliott Wave Analysis TradingLounge Daily Chart, 06 March 23, Chainlink /U.S.dollar(LINKUSD) LINKUSD Elliott Wave Technical Analysis Function: Counter trend Mode: Corrective Structure: Flat Position: Wave (C) Direction Next higher Degrees: Wave ((2)) of Motive Details: Retracement of wave ((2)) usually .50 or .618 x Length wave ((1)) Wave Cancel invalid Level: 5.386 Chainlink /U.S.dollar(LINKUSD)Trading Strategy: Chainlink recovered well from 5.386, and tested resistance at MA200 but could not pass. back down again But even so, we believe it's a short-term reversal of the second wave. And when the second wave will not reverse below the start of the first wave. Therefore, we should wait for the second wave to finish in order to join the trend again in the third wave.