Elliott Wave Analysis for ChainLink (LINKUSD) – Daily Chart
LINKUSD Elliott Wave Technical Analysis
Function: Counter Trend
Mode: Corrective
Structure: Double Corrective
Position: Wave Y
Next Higher Degree: Wave ((II)) of Impulse
Wave Invalid Level: 8.498
Details: Wave (II) appears to have concluded, suggesting a resumption of the uptrend.
ChainLink (LINKUSD) Trading Strategy
ChainLink remains in a corrective phase, positioned within wave (II) exhibiting a double corrective pattern. A short-term pullback is anticipated before the uptrend continues into wave (III). Traders should wait for the correction to finish before rejoining the uptrend.
ChainLink (LINKUSD) Technical Indicators
- MA200: Price is below the MA200, indicating a downtrend.
- Wave Oscillator: Bearish Momentum.
Elliott Wave Analysis for ChainLink (LINKUSD) – H4 Chart
LINKUSD Elliott Wave Technical Analysis
Function: Counter Trend
Mode: Corrective
Structure: Double Corrective
Position: Wave Y
Next Higher Degree: Wave ((II)) of Impulse
Wave Invalid Level: 8.498
Details: Wave (II) is likely to have ended, and prices are resuming the uptrend.
ChainLink (LINKUSD) Trading Strategy
ChainLink is still undergoing correction. Positioned in wave (II) with a double corrective pattern, a short-term pullback is expected before the rise into wave (III). Wait for the correction to complete before re-entering the uptrend.
ChainLink (LINKUSD) Technical Indicators
- MA200: Price is below the MA200, indicating a downtrend.
- Wave Oscillator: Bearish Momentum.
Technical Analyst: Kittiampon Somboonsod
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