ChainLink Is Unfolding A Five-Wave Impulse
Image Source: DepositPhotos
Cryptocurrency ChainLink made an impressive recovery in the second half of 2023, which looks like an impulsive five-wave rally with room for more upside after a correction. Despite recent slow down in the Crypto market, LINKUSD is still holding well and it can be still unfolding a five-wave impulse. Currently we see it trading in wave (4) correction that can retest 12-10 support area. If stays sideways and above 12 level, then it can be also forming a bullish triangle pattern in wave (4) before a continuation higher for wave (5).
(Click on image to enlarge)
More By This Author:
GBP/USD Points Higher After A Consolidation
Walt Disney Is Looking For A Bigger Recovery
DeFi Is Rising Within A Bullish Impulse
For more analysis visit us at www.wavetraders.com and make sure to follow us on Twitter (https://twitter.com/GregaHorvatFX)