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LINAUSDT on the verge of a Bull Market
Hello everyone and welcome!
I suggest taking a look at LINAUSDT using the Elliott Wave Principle. The chart is presented in logarithmic scale.
Probably a double zigzag was completed, which is a wave [ii]. Now the bullish impulse is unfolding and the price needs to gain a foothold above the key level of $0.054898 to confirm this idea. Also, if the price breaks through the upper limit of the corrective channel and gains a foothold above $0.1360, then it is highly likely that the market is bullish.
To limit yourself from excessive trading, the Wave Principle suggests opening a long position on the breakout of the wave (x) with a protective stop at the end of the wave (y), i.e. at $0.031743.
In the alternative scenario, I think that the wave b of (y) of [ii] has just started to develop. This scenario delays growth for a while.
I suggest taking a look at LINAUSDT using the Elliott Wave Principle. The chart is presented in logarithmic scale.
Probably a double zigzag was completed, which is a wave [ii]. Now the bullish impulse is unfolding and the price needs to gain a foothold above the key level of $0.054898 to confirm this idea. Also, if the price breaks through the upper limit of the corrective channel and gains a foothold above $0.1360, then it is highly likely that the market is bullish.
To limit yourself from excessive trading, the Wave Principle suggests opening a long position on the breakout of the wave (x) with a protective stop at the end of the wave (y), i.e. at $0.031743.
In the alternative scenario, I think that the wave b of (y) of [ii] has just started to develop. This scenario delays growth for a while.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.