Hi,
i am trying to find right count for linkusd. Well , when it was bottoming in March there was some kind of triangle (ok, triangles last longer but that was evidently triangle look like)
So if we put 1,5 usd to be bottom after which there was triangle but by Elliott wave rules triangle should be in B wave or 4th wave and not in wave 2....so either correction finished with that triangle and bull cycle started at 2+ usd in April like i count that in analysis two weeks ago (you can find link to that idea down under) or we should count that this way.
But these two counts are pointing to the same conclusion and that is- wave 3 finished with 20 usd and we are in wave 4. If that is wrong and with 20 usd wave 5 finished we should be in wave 4 but of larger degree.
In wave 4 i prefer triangles so i am expecting it to role out.
Also, i think this correction should last till end of this year because correction last longer than impulses but with ascending triangle price bottom should be in
There are some neo wave analysts who think chainlink long term is in some kind of triangle (neutral or contracting) but i am not good in neowave so dont really know.
But to conclude this is my primary count and with 7,2 usd we finished wave A (longest/widest) and we are in b wave of B. This should end today (or in 2 days at most) with a perfect daily TomDemark 9 buy setup - (i will cover in next analysis) and we are about to start c wave of C that should take chainlink to 15-19 usd ( i prefer 18-20 so triangle would be ascending)...waves D and E should end by year end and chainlink should rise to new ATH.
i am trying to find right count for linkusd. Well , when it was bottoming in March there was some kind of triangle (ok, triangles last longer but that was evidently triangle look like)
So if we put 1,5 usd to be bottom after which there was triangle but by Elliott wave rules triangle should be in B wave or 4th wave and not in wave 2....so either correction finished with that triangle and bull cycle started at 2+ usd in April like i count that in analysis two weeks ago (you can find link to that idea down under) or we should count that this way.
But these two counts are pointing to the same conclusion and that is- wave 3 finished with 20 usd and we are in wave 4. If that is wrong and with 20 usd wave 5 finished we should be in wave 4 but of larger degree.
In wave 4 i prefer triangles so i am expecting it to role out.
Also, i think this correction should last till end of this year because correction last longer than impulses but with ascending triangle price bottom should be in
There are some neo wave analysts who think chainlink long term is in some kind of triangle (neutral or contracting) but i am not good in neowave so dont really know.
But to conclude this is my primary count and with 7,2 usd we finished wave A (longest/widest) and we are in b wave of B. This should end today (or in 2 days at most) with a perfect daily TomDemark 9 buy setup - (i will cover in next analysis) and we are about to start c wave of C that should take chainlink to 15-19 usd ( i prefer 18-20 so triangle would be ascending)...waves D and E should end by year end and chainlink should rise to new ATH.
