Technical Analysis

LINKUSD Found Projected Strong SupportNov 3, 2023

LINKUSD Found Projected Strong Support and it can be turning back to bullish mode from Elliott wave perspective.

Why is patience an important factor in the market? We shared ChainLINK LINKUSD weekly chart already back in December 2022, but it passed 10 months before we saw reversal. CLICK HERE

LINKUSD Found Projected Strong Support LINKUSD Weekly Chart
LINKUSD Weekly Chart

As you can see, LINKUSD is now turning exactly from projected strong support and it’s now already breaking channel resistance line, so seems like bulls are back, especially if we get five waves up back above 13 bullish confirmation level on a daily chart.

LINKUSD Found Projected Strong Support LINKUSD Daily Chart
LINKUSD Daily Chart

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