#Chainlink $LINK – Entering a Turning Area
The rally from the June low extended after breaking above the July peak and opened further extension within short-term cycles.
The rally is approaching the equal-legs area of $9.78 – $10.22, where price is expected to start the next pullback.
Sellers are expected to enter within the target area, looking for a turn lower to take place or at least a 3-wave pullback next month.
Will bulls be able to hold price above the June low and start the next weekly upside move?
#Crypto #Trading #ElliottWave
The rally from the June low extended after breaking above the July peak and opened further extension within short-term cycles.
The rally is approaching the equal-legs area of $9.78 – $10.22, where price is expected to start the next pullback.
Sellers are expected to enter within the target area, looking for a turn lower to take place or at least a 3-wave pullback next month.
Will bulls be able to hold price above the June low and start the next weekly upside move?
#Crypto #Trading #ElliottWave