Image Source: PexelsElliott Wave Analysis TradingLounge Daily Chart
ChainLink/ U.S. dollar(LINKUSD)
LINKUSD Elliott Wave Technical Analysis
Function: Counter Trend
Mode: Corrective
Structure: Zigzag
Position: Wave C
Direction Next higher Degrees: Wave (I) of Impulse
Wave Cancel invalid Level: 8.498
Details: Wave C May be complete and the price increase again in Wave A or I.ChainLink/ U.S. dollar(LINKUSD)Trading Strategy:
It looks like the correction wave (II) is over, and the price is rising in wave (III). We will focus on the five-wave increase in the Impulse pattern, which is likely to stay above the 24.00 level.ChainLink/ U.S. dollar(LINKUSD)Technical Indicators:
The price is above the MA200, indicating an uptrend. The Wave Oscillator shows bullish momentum.
Elliott Wave Analysis TradingLounge H4 Chart
ChainLink/ U.S. dollar(LINKUSD)
LINKUSD Elliott Wave Technical Analysis
Function: Counter Trend
Mode: Corrective
Structure: Zigzag
Position: Wave C
Direction Next higher Degrees: Wave (I) of Impulse
Wave Cancel invalid Level: 8.498
Details: Wave C May be complete and the price increase again in Wave A or I.ChainLink/ U.S. dollar(LINKUSD)Trading Strategy:
It looks like the correction wave (II) is over, and the price is rising in wave (III). We will focus on the five-wave increase in the Impulse pattern, which is likely to stay above the 24.00 level.ChainLink/ U.S. dollar(LINKUSD)Technical Indicators:
The price is above the MA200, indicating an uptrend. The Wave Oscillator shows bullish momentum.Technical Analyst: Kittiampon SomboonsodSource: Tradinglounge.com 
More By This Author:Elliott Wave Technical Analysis: Nvidia Corp. – Thursday, May 23
Elliott Wave Technical Forecast: Unlocking ASX Trading Success: Light & Wonder Inc.
Elliott Wave Technical Analysis: IBEX 35
