Ether, Dogecoin Lead Crypto Market Bounce; Lido’s Staked ,Ether added over 10% in the past 24 hours, trading at 11-month highs above $2,120 during the Asian trading hours. Thursday’s Shapella upgrade ushered in a major development for the Ethereum network, allowing users to stake and unstake tokens from the network at will – improving the network’s overall outlook.Governance tokens of the liquid Dogecoin Drops Sharply After Twitter Blue Bird Returns But today, the bird logo has returned and the dog has gone. Elon Musk, who owns Twitter and frequently talks about DOGE, is yet to give an chainlink price prediction 202 Chainlink LINK Price News Today - Price Forecast! Technical Analysis Update and Price Now!
foreign video about a link so chain link is caught between support and resistance still so far rallied so yeah you could say only in three waves from here I mean you can get away with counting it as five but it doesnt matter so much what what really matters is that were holding eventually 6.19 against that level I would focus on higher but of course we need to break above resistance because there is also a bearish possibility here with this Wave 2 top yeah we discussed that in previous videos the bearish count still very much on the chart still possible still likely and the bearish count indicates that we came down in a wave one of the November highs we then retraced in an A B C correction in a wave 2. and we could now be in the third wave to the downside here wave one to the downside of wave three now well pull back inner Wave 2 of wave three the next one the next move down would be a third wave over third wave and if we break below 619 this will become much more likely the 619 level is absolutely critical thats the 78.6 flip level of the move to the upside here which started on the 10th of March and the break below that level will make the bullish case more or lets say less likely and it will put more emphasis on the bearish count now I am leaning to the bullish one at the moment but just purely because the entire crypto Market is above support that can change quickly and therefore just need to call out its the 6.19 level if we break below that things are going to get a bit difficult for crypto and for link you know especially so um looking at this I mean this could be possibly the wave one of the Wave 3 if we really wanted to look into micro wave 2 of The Wave 3 and then we could head down but again it all depends on the levels you can see how a link is basically caught between support and resistance this red box is the resistance area for the Wave 2 which means that a break above it would make the bearish count less likely it wouldnt completely invalidate it um but we could then put a bit more emphasis here on the orange wave count link is holding quite well at the moment and again Target wise here for the third wave Circle Wave 3 in Orange wed be looking at I mean depending on how the count it really plays out here but lets say an ideal Target would be 8.90 for that third wave but eventually obviously higher important really would be a break above 950 a break above 950 eventually would really take out a lot of the bearish options we would then break above the range in which we have been for basically a year yeah nearly a year we moved back into we moved into this range in May 22. you can see how long we have been in this range lately weve only been really in the lower half of the range but um I think a move above 950 would really lead to link going quickly because there is only limited resistance so yeah these are the relevant levels still very much unchanged and I will of course keep you updated hope you like the updates if you did please hit the like button leave a comment and subscribe and if you really like the content then please check out the channel membership thanks a lot for watching bye thank you Trade on Bybit:Receive an up to $30,000 bonus see terms on Bybit Chainlink LINK Price News Today - Technical Analysis Update! 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