Image Source: PexelsElliott Wave Analysis TradingLounge Daily ChartChainLink/ U.S. dollar(LINKUSD)LINKUSD Elliott Wave Technical AnalysisFunction: Counter TrendMode: CorrectiveStructure: ZigzagPosition: Wave CDirection Next higher Degrees: Wave (I) of ImpulseWave Cancel invalid Level: 8.498Details: 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). So 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 is a Bullish Momentum.
Elliott Wave Analysis TradingLounge H4 ChartChainLink/ U.S. dollar(LINKUSD)LINKUSD Elliott Wave Technical AnalysisFunction: Counter TrendMode: CorrectiveStructure: ZigzagPosition: Wave CDirection Next higher Degrees: Wave (I) of ImpulseWave Cancel invalid Level: 8.498Details: Wave C May be complete and the price increase again in Wave A or IChainLink/ U.S. dollar(LINKUSD)Trading Strategy:
It looks like the correction wave (II) is over and the price is rising in wave (III).So 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 is a Bullish Momentum.Technical Analyst: Kittiampon SomboonsodSource: Tradinglounge.com
More By This Author:Elliott Wave Technical Analysis: Swiss Market Index
Unlocking ASX Trading Success: V300AEQ ETF UNITS – VAS Stock Analysis & Elliott Wave Technical Forecast
Wheat Commodity Elliott Wave Technical Analysis – Wednesday, May 29
