Elliott Wave Analysis TradingLounge Daily Chart, 26 October 23
​​Chanlink/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 Impulse
Wave Cancel invalid Level: 8.259
Details: Wave 3 equal to 200.00% of Wave 1 at 12.719

Chanlink/U.S. dollar(LINKUSD)Trading Strategy: Chainlink Rises Rapidly After receiving support from good news Following the approval of Bitcoin Spot ETFs, we predict five Impulse Waves, with the current third wave rising at the end. Be careful of correction in the fourth wave. before rising again in the fifth wave.

Chanlink/U.S. dollar(LINKUSD)Technical Indicators: The price is above the MA200 indicating an uptrend,  RSI is a Bullish  Momentum.

(Click on image to enlarge)

Elliott Wave Analysis TradingLounge 4H Chart, 26 October 23, 
Chanlink/U.S. dollar(LINKUSD)
LINKUSD Elliott Wave Technical Analysis
Function: Counter Trend
Mode: Corrective
Structure: ….
Position: Wave (4)
Direction Next higher Degrees: Wave ((4)) of Impulse
Wave Cancel invalid Level: 8.236
Details: Retracement of wave ((4)) usually .382 x Length wave ((3))

Chanlink/U.S. dollar(LINKUSD)Trading Strategy: Chainlink Rises Rapidly After receiving support from good news Following the approval of Bitcoin Spot ETFs, we predict five Impulse Waves, with the current third wave rising at the end. Be careful of correction in the fourth wave. before rising again in the fifth wave.

Chanlink/U.S. dollar(LINKUSD)Technical Indicators: The price is above the MA200 indicating an uptrend,  RSI is a Bullish  Momentum.

(Click on image to enlarge)

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