Cryptocurrencies

LINKUSD Elliott Wave Technical Analysis March 06 2023

4Hour

Chainlink /U.S.dollar(LINKUSD)
LINKUSD Elliott Wave Technical Analysis
Function: Counter trend
Mode: Corrective
Structure: Flat
Position: Wave (C)
Direction Next higher Degrees: Wave ((2)) of Motive
Details: Retracement of wave ((2)) usually .50 or .618 x Length wave ((1))
Wave Cancel invalid Level: 5.386

Chainlink /U.S.dollar(LINKUSD)Trading Strategy: Chainlink recovered well from 5.386, and tested resistance at MA200 but could not pass. back down again But even so, we believe it's a short-term reversal of the second wave. And when the second wave will not reverse below the start of the first wave. Therefore, we should wait for the second wave to finish in order to join the trend again in the third wave

Chainlink /U.S.dollar(LINKUSD)Technical Indicators: The price is below the MA200 indicating a DownTrend. The wave oscillators below Zero-Line momentum are bearish

Daily

Chainlink /U.S.dollar(LINKUSD)
LINKUSD Elliott Wave Technical Analysis
Function: Counter trend
Mode: Corrective
Structure: Flat
Position: Wave (C)
Direction Next higher Degrees: Wave ((2)) of Motive
Details: Retracement of wave ((2)) usually .50 or .618 x Length wave ((1))
Wave Cancel invalid Level: 5.386

Chainlink /U.S.dollar(LINKUSD)Trading Strategy: Chainlink recovered well from 5.386, and tested resistance at MA200 but could not pass. back down again But even so, we believe it's a short-term reversal of the second wave. And when the second wave will not reverse below the start of the first wave. Therefore, we should wait for the second wave to finish in order to join the trend again in the third wave
Chainlink /U.S.dollar(LINKUSD)Technical Indicators: The price is below the MA200 indicating a DownTrend. The wave oscillators below Zero-Line momentum are bearesh