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foreign video about chain link the chart which is nothing happens and nothing has been happening for a year other than just up and down so the grid boards are loving it yeah on this price section we still have that well-defined range between 5.30 and 950 those are the two levels we have the bearish wave count still as an Elliott wave triangle an extended one I updated that recently for you highlighted that this could be the top of the Elliot wave triangle here at around 890 yeah which was made on the 17th of April and if we now follow through and break below six dollars it would be a confirmation of the bearish count that could take us down in five waves into the three dollar range is it the primary no its not the primary expectation the primary expectation would actually send us higher because were currently holding support now of course I mean looking at the price history honestly I mean is How likely is it its going to break out to the upside right now um maybe not reasonably likely I mean it is certainly an assumption we can make because most charts are in such a setup here its just looking at the entire price history not much has happened so I dont know if this is now going to follow through to the upside but its certainly a reasonable trade setup where we uh rallied and thats the Assumption of the December low in wave one and we came down in an a wave moved up in an overshooting B wave and were now coming down in a c wave in some kind of a flat pattern um in a wave two and as long as were holding that six dollar level which is critical to hold yeah in a wave 2 the 78.6 retracement the next wave to the upside could be a third wave rally so not too much um going on there this would be the Assumption as long as were holding six dollars the idea is to Rally higher that third wave could help us to break out out of the range to above 950 um besides that it just needs a bit of patience yeah so thats the point below six dollars I would start to favor the bearish wave count here and there is not much more to add key support here on the micro level uh a 689 thats the level were currently holding the 50 retracement of the wave one then weve got here the 653 level which is the golden ratio and then thats 78.6 foot level that ideally we hold its also the a-wave flow looking at Fibonacci extensions if we take the length of the a wave compared to the high of the B and take the length of the C that sort of you know a typical how we measure sort of targets for is a c wave yeah we can take the length of the a wave and wave A and C often are the same length and that would take us to the one to one ratio at 629 doesnt mean we have to turn around there but its certainly a level to watch yeah I hope you like the update theres not much more to add at this stage I hope 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 please check out the channel membership thanks a lot for watching bye Trade on Bybit:Receive an up to $30,000 bonus see terms on Bybit 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! ----------------------------------------------------------------------------------------- Links: Bitget: Sign up for Bitget via my link: to get a $15 bonusFor the first 100, first come first served and to get free access to my foundations trading course reach out to when done. To get free access to the trading course you need to deposit $500 to Bitget and make a trade. Technical Analysis with TradingView: Set up trading bots with Trade on Coinbase: Receive $10 in BTC see terms on website: Trade on Binance: Receive a 15% fee discount lifetime when using this link. 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