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.
Chainlink /U.S.dollar(LINKUSD)Technical Indicators: The price is below the MA200 indicating a DownTrend. The wave oscillators below Zero-Line momentum are bearish.
TradingLounge Analyst: Kittiampon Somboonsod
Source : Tradinglounge.com get trial here!
Elliott Wave Analysis TradingLounge 4H 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.
Chainlink /U.S.dollar(LINKUSD)Technical Indicators: The price is below the MA200 indicating a DownTrend. The wave oscillators below Zero-Line momentum are bearish.Enterscillators below Zero-Line momentum are bearish.
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