LINKUSD Daily Chart – Elliott Wave Count

Elliott Wave Analysis | TradingLounge

• FUNCTION: Trend
• MODE: Motive
• STRUCTURE: Impulse
• POSITION: Wave (3) of ((1))
• DIRECTION: Uptrend continuation

Details:

• Wave I concluded at 17.965 USD
• Wave II completed at 10.87 USD
• The market is now in wave (3) of III
• Wave (3) has a 1.618 Fibonacci extension target of 18.94 USD
• The next significant resistance lies at 20.00–22.00 USD

Trading Strategies

• For Swing Traders:
• • If the price remains within the upward channel and stays above 13.50 USD, the uptrend remains valid.
  • A strong wave (3) may propel the price beyond the 2000 Fib Extension level.
• Invalid Scenario (W.C. Invalid):
• • If price drops below 13.50 USD, this impulse wave count becomes invalid.
     

LINKUSD 4H Chart – Elliott Wave Count

Elliott Wave Analysis | TradingLounge

• FUNCTION: Trend
• MODE: Motive
• STRUCTURE: Impulse
• POSITION: Wave (3) of ((1))
• DIRECTION: Uptrend continuation

Details:

• Wave I finished at 17.965 USD
• Wave II ended at 10.87 USD
• The market is currently developing wave (3) of III
• 1.618 Fibonacci extension target for wave (3): 18.94 USD
• Psychological resistance area: 20.00–22.00 USD

Trading Strategies

• For Swing Traders:
• • As long as price remains above the invalidation level of 13.50 USD, the uptrend remains in place.
  • A strong wave (3) move can push prices towards the 2000 Fib extension zone.
• Invalid Scenario (W.C. Invalid):
• • A price move below 13.50 USD would invalidate the current impulse wave structure.

Analyst: Kittiampon Somboonsod, CEWA

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