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.
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