Elliott Wave Technical Analysis: LINKUSD - Wednesday, January 24

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Elliott Wave Analysis TradingLounge Daily Chart, 24 January 24,

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 20.268

ChainLink / U.S. dollar(LINKUSD)Trading Strategy: ChainLink remains in an uptrend. and is in the final phase of the increase in Wave 5, with Wave 5 warning before a correction or trend change. and the increase of Wave 5 that will go up to test level 20.268

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

TradingLounge Analyst: Kittiampon Somboonsod, CEWA

Source: Trading lounge.com

Elliott Wave Analysis TradingLounge 4H Chart, 24 January 24,

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 20.268

ChainLink / U.S. dollar(LINKUSD)Trading Strategy: ChainLink remains in an uptrend. and is in the final phase of the increase in Wave 5, with Wave 5 warning before a correction or trend change. and the increase of Wave 5 that will go up to test level 20.268

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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