IOTA and LINKUSD Elliott Wave Analysis: Eyeing More Downside

in elliottwave •  3 years ago 

There is no big changes in the Crypto market. We have seen a nice intraday decline, but current bounce is not strong enough to confirm the bottom.

IOTUSD is moving nicely lower now within wave C after a bearish triangle in B. Well, wave C should be completed by a five-wave cycle and if we consider another 78% sell-off, then there can be room down to projected 0.30 support level.
IOTUSD Daily Elliott Wave Analysis

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LINKUSD is coming even lower after a correction in wave B of (Y), so we are now tracking final wave C of (Y) which should be finished by five waves. Ideally we will see another decline below 10 level and towards projected strong support in the 9-5 zone before bulls show up.
LINKUSD 4h Elliott Wave Analysis

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