Link/ U.S. dollar (LINKUSD)  Elliott Wave Technical Analysis - 1D

Function: Follow Trend

Mode: Motive

Structure: Impulse

Position: Wave ((5))

Direction Next higher Degrees: Wave I of Impulse

Wave Cancel invalid Level:

Details: Price is developing in Wave 5 of a large bullish structure.

Link/ U.S. dollar (LINKUSD)Trading Strategy:

Wave (4) ended at 17.837 (61.8% Fibonacci level) with a bounce to Wave (5). Positive Oscillator: Indicates strong uptrend momentum. Wave (5) 1.618 Fibonacci Extension level target is around 39.290.

Main Outlook:

- Bullish Scenario: If the price holds above 24.759, it is recommended to target 30.978 or 39.290.

- Bearish Scenario: If the price breaks below 17.837, it may test the support at 15.918

LINKUSD - 1D Chart

LINKUSD - 4H Chart

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