Hello Traders Investors And Community,
Welcome to this update-analysis about LINKUSD, we are looking at the 2-hour timeframe perspective. Since previous analysis LINKUSD finally completed the ascending-triangle-formation and emerged with the pullbacks after it to form the coherent wave-count within the descending-channel-formation till now where it is approaching crucial levels and as already mentioned previously when LINKUSD shows up with the proper price-action here this can lead to a great channel-breakout above the upper-boundary, therefore I detected all the important levels and likely outcomes we should consider within LINKUSDs established structure and the upcoming destinations.
As when looking at my chart we can watch there that LINKUSD almost already fully emerged with the wave-count as it is currently about to form the final wave E with a final ABC-correction where wave A established and the wave B is likely to show up within the near times. This wave B within the wave-count will run into the upper-resistance from where LINKUSD will mainly have the origin for the last wave C completing the ABC-wave-count within the major ABCDE-wave-count, this final wave will lead directly into the preliminary meaningful ascending-trend-line, when LINKUSD manages to bounce strongly within this ascending-trend-line and stabilize within this level to bounce above the upper-boundary with decisive volatile bullish move this will complete the whole descending-channel-formation and will also activate upside targets within the structure ahead, LINKUSD has then the potential to test the remaining resistances higher in its range and possibly move above them finally, for now, it will be important how XRPUSD reacts within the suggested supports to form the final breakout from there, this will be an interesting development.
In this manner, thank you for watching the analysis, have a great day and weekend, all the best!
"Good luck is when opportunity meets preparation."
Information provided is only educational and should not be used to take action in the markets.
Welcome to this update-analysis about LINKUSD, we are looking at the 2-hour timeframe perspective. Since previous analysis LINKUSD finally completed the ascending-triangle-formation and emerged with the pullbacks after it to form the coherent wave-count within the descending-channel-formation till now where it is approaching crucial levels and as already mentioned previously when LINKUSD shows up with the proper price-action here this can lead to a great channel-breakout above the upper-boundary, therefore I detected all the important levels and likely outcomes we should consider within LINKUSDs established structure and the upcoming destinations.
As when looking at my chart we can watch there that LINKUSD almost already fully emerged with the wave-count as it is currently about to form the final wave E with a final ABC-correction where wave A established and the wave B is likely to show up within the near times. This wave B within the wave-count will run into the upper-resistance from where LINKUSD will mainly have the origin for the last wave C completing the ABC-wave-count within the major ABCDE-wave-count, this final wave will lead directly into the preliminary meaningful ascending-trend-line, when LINKUSD manages to bounce strongly within this ascending-trend-line and stabilize within this level to bounce above the upper-boundary with decisive volatile bullish move this will complete the whole descending-channel-formation and will also activate upside targets within the structure ahead, LINKUSD has then the potential to test the remaining resistances higher in its range and possibly move above them finally, for now, it will be important how XRPUSD reacts within the suggested supports to form the final breakout from there, this will be an interesting development.
In this manner, thank you for watching the analysis, have a great day and weekend, all the best!
"Good luck is when opportunity meets preparation."
Information provided is only educational and should not be used to take action in the markets.
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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.
►✅JOIN THE BEST+ TOP TELEGRAM TRADING CHANNEL: t.me/VincePrinceForexGoldStocks
►🚀Write To Join the Elite VIP Signal Channels: @Vince_Prince
►🔥JOIN BYBIT TOP EXCHANGE►🎁 UP TO $30,000 BONUS NOW: partner.bybit.com/b/VinceByBit
►🚀Write To Join the Elite VIP Signal Channels: @Vince_Prince
►🔥JOIN BYBIT TOP EXCHANGE►🎁 UP TO $30,000 BONUS NOW: partner.bybit.com/b/VinceByBit
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.