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Elliott Wave Analysis TradingLounge Daily Chart, 30 March 2023.  

Chainlink /U.S. Dollar(LINKUSD)

LINKUSD Elliott Wave Technical Analysis

Function: Follow trend

Mode: Motive

Structure: Impulse

Position: Wave ((3))

Direction Next higher Degrees: Wave I of Motive

Details: The rise of wave ((3)) is usually equal to 1.618 multiple of the wavelength ((1)).

Wave Cancel invalid Level: 5.386

Chainlink /U.S. Dollar (LINKUSD) Trading Strategy: Chainlink is recovering well and we expect wave ((2)) to end at the 5.900 level. Five rising waves from this point and the price can break the MA200 line will support this idea. The price is likely to trade above the level of 10.028.

Chainlink /U.S. Dollar (LINKUSD) Technical Indicators: The price is above the MA200 indicating an uptrend. The wave oscillators above Zero-Line momentum are Bullish.

Analyst: Kittiampon Somboonsod, CEWA

Elliott Wave Analysis TradingLounge 4H Chart, 30 March 2023.  

Chainlink /U.S. Dollar(LINKUSD)

LINKUSD Elliott Wave Technical Analysis

Function: Follow trend

Mode: Motive

Structure: Impulse

Position: Wave ((3))

Direction Next higher Degrees: Wave I of Motive

Details: The rise of wave ((3)) is usually equal to 1.618 multiple of the wavelength ((1)).

Wave Cancel invalid Level: 5.900

Chainlink /U.S. Dollar(LINKUSD) Trading Strategy: Chainlink is recovering well and we expect wave ((2)) to end at the 6.750 level. Five rising waves from this point and the price can break the MA200 line will support this idea. The price is likely to trade above the level of 9.705.

Chainlink /U.S. Dollar(LINKUSD) Technical Indicators: The price is above the MA200 indicating an uptrend. The wave oscillators above Zero-Line momentum are Bullish.

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