Chainlink crypto price news today Elliott Wave technical analysis [Video]
|Elliott Wave Analysis TradingLounge.
ChainLink/ U.S. dollar(LINKUSD).
LINK/USD Elliott Wave technical analysis
Function: Counter Trend.
Mode: Corrective.
Structure: Triple Corrective.
Position: Wave Z.
Direction next higher degrees: Wave ((II)) of Impulse.
Wave cancel invalid level:
Details:: Wave (II) is likely to retest at 6.882.
ChainLink/U.S. dollar(LINKUSD)Trading Strategy:
The correction in wave ((2)) seems to be not over yet, so we focus on the decline in wave ((2)). It is likely to go down to test the 6.882 level, but all this is a short-term pullback, look for a resumption of the trend.
ChainLink/ U.S. dollar(LINKUSD)Technical Indicators: The price is below the MA200 indicating a downtrend, The Wave Oscillator is a Bullish Momentum.
ChainLink/ U.S. dollar(LINKUSD).
LINK/USD Elliott Wave technical analysis
Function: Counter Trend.
Mode: Corrective.
Structure: Triple Corrective.
Position: Wave Z.
Direction next higher degrees: Wave ((II)) of Impulse.
Wave cancel invalid level:
Details:: Wave (II) is likely to retest at 6.882.
ChainLink/ U.S. dollar(LINKUSD)Trading Strategy:
The correction in wave ((2)) seems to be not over yet, so we focus on the decline in wave ((2)). It is likely to go down to test the 6.882 level, but all this is a short-term pullback, look for a resumption of the trend.
ChainLink/ U.S. dollar(LINKUSD)Technical Indicators: The price is below the MA200 indicating a downtrend, The Wave Oscillator is a Bullish Momentum.
Technical analyst: Kittiampon Somboonsod.
LINK/USD Elliott Wave technical analysis [Video]
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.