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hello and welcome to another update video about chain link chain link is one of the charts where im probably most confident that we are going to see another though yeah we could construct a bullish count into this but this is a very weak chart if youre looking for a bullish chart there are other charts that might be more desirable um for now my primary expectation is that all of this was just a way for correction to the upside basically an abc and were now coming down here in a wave one that might get a little bit of an extension down but i think were actually not gonna see this i think this is already the wave one down because this retracement to the upside is already correct uh cry is already quite strong but its not strong enough in my opinion for a wave to complete yet so again i highlighted in the previous videos here my expectation where this wave 2 correction should go to i have labeled it here in the region between the 38.2 fibonacci retracement level and the 61.8 between 748 and 825. now it could go a bit higher yeah it could even go to the 880 level the 78.6 the higher the better for anybody who wants to short this because then obviously you have a better risk to reward but i would say after we peak here in a wave 2 we should go down quite impulsively and then make another lower low in the wave 3 and um yeah i mean evidence that the move to the downside is starting would be a breakout below 6 6 23 then i think we can very well expect a dip below 5.30 as well which was the low here from the 13th of june so unchanged view that we will come lower overall i think short term we should go a bit higher here in a wave 2 before we come down eventually in the wave 3. and thats basically what i wanted to just communicate that we are still on track no change to outlook and yeah hopefully you liked the update if you did please hit the like button leave a comment and subscribe and if you really like the content then check out the channel membership thanks a lot for watching bye you Chainlink LINK Price News Today - Technical Analysis Update! Cryptocurrency! In this video I talk about a technical analysis of the LINK Chainlink price and I talk about some important price moves that are happening right now! Chainlink Price Prediction of this Cardano ADA partner!Very important: - please do not reply to anyone with the MCO logo in the YouTube comments who sends you a Whatsapp number. This is scam! - please do not join any other MCO Telegram channel than the ones you received the links for. These are all scam! - You find the official Social Media links down below in the description section. Join the private MoreCryptoOnline membership group: OR OR For additional support you can now buy me a coffee ;-: You can find the Technical analysis channel here: Link to Link to KuCoin: Please check out the More Crypto Online website: Link to the trading software I am using: Link to the Trezor hardware wallet: Our Merch Store with various cryptocurrency designs: Official Social Media Links: Instagram: Twitter: Financial Disclaimer: I am not a financial advisor. The ideas presented in this video are personal opinions and for entertainment purposes only. You and only you are responsible for the financial decisions that you make. Ideas presented in this video are my opinions at the date of filming and may have changed in the future.