LINK pulled back significantly over the past seven days. However, we interpret this development primarily as part of the internal substructure of turquoise wave 3 and, therefore, stick to our primary assumption. Moving forward, the price should continue to rise and surpass the resistance at $20.85. However, if the price drops below the support level at $8.12 (probability: 27%), we will have to consider a lower completion for turquoise wave alt.2.
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📊 Free daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.