Elliott Wave Technical Analysis: ChainLink/U.S. Dollar - Thursday, Feb. 22

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Elliott Wave Analysis TradingLounge Daily Chart, 22 February 2024.

ChainLink/U.S. Dollar(LINKUSD)

LINKUSD Elliott Wave Technical Analysis

Function: Follow Trend

Mode: Motive

Structure: Impulse

Position: Wave V

Direction Next higher Degrees: Wave (I) of Impulse

Wave Cancel invalid Level: 8.498

Details: Wave V is equal to 61.8% of Wave I through Wave III at 23.117

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

The increase in wave ((3)) precedes the correction in wave ((5)) and is at the end of the increase, so watch out for a correction that will occur soon.

ChainLink/U.S. Dollar(LINKUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, Wave Oscillators a bullish Momentum.

Analyst: Kittiampon Somboonsod, CEWA

Elliott Wave Analysis TradingLounge 4Hr Chart, 22 February 2024

ChainLink/U.S. Dollar(LINKUSD)

LINKUSD Elliott Wave Technical Analysis

Function: Follow Trend

Mode: Motive

Structure: Impulse

Position: Wave V

Direction Next higher Degrees: Wave (I) of Impulse

Wave Cancel invalid Level: 8.498

Details: Wave V is equal to 61.8% of Wave I through Wave III at 23.117

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

The increase in wave ((3)) precedes the correction in wave ((5)) and is at the end of the increase, so watch out for a correction that will occur soon.

ChainLink/U.S. Dollar(LINKUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, Wave Oscillators a bullish Momentum.


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