Panjang
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.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.