LINKUSD Elliott Wave Technical Analysis 10 November 2022
4 Hour
LINKUSD Elliott Wave Technical Analysis
Function: Follow trend
Mode: Motive
Structure: Impulse
Position: Wave 1
Direction Next higher Degrees: Wave V of Impulse
Details: Decrease in the first wave when the complete, price is a pullback in a second wave but must not be above 9.527 level
Wave Cancel invalid Level:9.527
ChainLink (LINKUSD) Trading Strategy: The price is back in the downtrend again. As the price breaks the support at the MA200 line does not pass, resulting in strong selling pressure on LINKUSD and a downward trend. But there may be a short-term reversal.
ChainLink (LINKUSD) Technical Indicators: MACD and MACD Histogram below Zero-Line the price has bearish momentum
Daily
LINKUSD Elliott Wave Technical Analysis
Function: Follow trend
Mode: Motive
Structure: Impulse
Position: Wave V
Direction Next higher Degrees: Wave (C) of Zigzag
Details: The decrease of wave V has a trend to trade below 5.311
Wave Cancel invalid Level:9.527
ChainLink (LINKUSD) Trading Strategy: The price is back in the downtrend again. As the price goes up to test the resistance that the MA200 line does not pass, there is strong selling pressure on LINKUSD and it is likely to continue down. But there may be a short-term reversal.
ChainLink (LINKUSD) Technical Indicators: Price trade to below MA50 MA200 Line Bearish trend MACD Histogram below Zero-Line the price has bearish momentum
