Crypto Contest March 20: LinkEye

LinkEye (Huobi: LETUSDT) has broken out of the triangle pattern in the four-hour chart.

(Chart courtesy of Tradingview.com (log scale))

Elliott Wave Analysis

In Elliott Wave terms, LinkEye began a wave one advance on January 28 this year. The red wave one finished on February 24, and the red wave two correction ended on March 4. The red wave three advance finished on March 10, and the red wave four correction ended on March 14. If this wave count is correct, LinkEye should be heading next towards the March 10 peak in the red wave five.

(Chart courtesy of Tradingview.com (log scale))

Zooming out in the daily chart,

About the author: Markus Aarnio

I have 20 years of investing experience. I have traded stocks, commodities, cryptocurrencies, and forex markets.