✅ A completed 5-wave decline from the February high into the June/July low, with Wave (V) marking the structural bottom around $7.0.
✅ A new impulsive advance appears to be developing from that low, with Waves ① and ② completed.
✅ Wave ③ has already produced the major breakout toward $12.7, showing strong upside momentum.
✅ The current consolidation looks like a potential Wave ④, developing as a descending channel. As long as the corrective structure remains intact, one final Wave ⑤ higher could follow.
🔥 Bullish confirmation: A decisive breakout above the $12.0–$12.7 resistance area would strengthen the case that Wave ④ is complete and Wave ⑤ is underway.
LINK #Chainlink #ElliottWave #Crypto
✅ A new impulsive advance appears to be developing from that low, with Waves ① and ② completed.
✅ Wave ③ has already produced the major breakout toward $12.7, showing strong upside momentum.
✅ The current consolidation looks like a potential Wave ④, developing as a descending channel. As long as the corrective structure remains intact, one final Wave ⑤ higher could follow.
🔥 Bullish confirmation: A decisive breakout above the $12.0–$12.7 resistance area would strengthen the case that Wave ④ is complete and Wave ⑤ is underway.
LINK #Chainlink #ElliottWave #Crypto
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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.
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.