18Oct

Overview of ChainLink (LINKUSD) - It Includes Technical Analysis, Price Predictions, and Actionable Trading Strategies

Ranjeet | 18 Oct, 2024 | ChainLink price prediction, LINKUSD analysis, ChainLink Elliott Wave, LINKUSD forecast, ChainLink technical analysis, ChainLink trading strategy, LINKUSD price movement, ChainLink market correction, ChainLink cryptocurrency forecast, ChainLink chart analysis, LINKUSD price trends, ChainLink Wave Oscillator, LINKUSD market analysis, ChainLink price forecast, ChainLink price target, ChainLink crypto analysis, ChainLink price trends, LINKUSD price prediction | Cryptocurrencies | 0 Comments | Return|

LINKUSD Elliott Wave Analysis – TradingLounge Day Chart

ChainLink/ U.S. dollar (LINKUSD) Day Chart Analysis

LINKUSD 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: N/A

Details: Wave (II) is expected to retest the 6.882 level.

ChainLink/ U.S. Dollar (LINKUSD) Trading Strategy

The ongoing correction in Wave ((2)) is not complete. Current analysis suggests a decline toward the 6.882 level. However, this movement is considered a short-term pullback. Traders should anticipate a resumption of the uptrend following this correction.

ChainLink/ U.S. Dollar (LINKUSD) Technical Indicators

  • The price is currently trading below the MA200, signaling a downtrend.
  • The Wave Oscillator indicates bullish momentum, suggesting potential upward movement after the correction phase.

LINKUSD-1D-Crypto-Ch...

ChainLink/ U.S. Dollar (LINKUSD) TradingLounge 4-Hour Chart

LINKUSD 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: N/A

Details: Wave (II) is expected to retest the 6.882 level.

ChainLink/ U.S. Dollar (LINKUSD) Trading Strategy

The corrective phase in Wave ((2)) appears ongoing, with a likely decline toward 6.882. This downward movement is considered a short-term pullback, and traders should watch for a return to the prevailing uptrend after this correction.

ChainLink/ U.S. Dollar (LINKUSD) Technical Indicators

  • The price is below the MA200, indicating a bearish trend.
  • The Wave Oscillator shows bullish momentum, suggesting the potential for a rebound after the corrective wave concludes.

Technical Analyst:  Kittiampon Somboonsod

Source: visit Tradinglounge.com and learn From the Experts Join TradingLounge Here See

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