Elliott Wave Technical Analysis: Chainlink/U.S. Dollar

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LINKUSD Day Crypto Chart

Thursday 6 July 2023.

LINKUSD Elliott Wave Technical Analysis

Function: Follow trend

Mode: Motive

Structure: Impulse

Position: Wave V

Direction Next higher Degrees: Wave V of Zigzag

Details: Wave V is likely to end at the 4.926 level and a five-wave rise will confirm this idea.

Wave Cancel invalid Level: 4.926

LINKUSD H4 Crypto Chart

Thursday 6 July 2023.

LINKUSD Elliott Wave Technical Analysis

Function: Follow trend

Mode: Motive

Structure: Impulse

Position: Wave (5)

Direction Next higher Degrees: Wave 1 of Motive

Details: Wave 5 is usually equal to .618 multiplied Length of wave 1 through wave 3

Wave Cancel invalid Level: 4.926


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