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Chainlink /U.S.dollar(LINKUSD) Elliott Wave Technical Analysis
@TradingLounge：
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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
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