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foreign hello and welcome to another update video about um link chain link yeah we are still here in this terrible terrible sideways range um I mean not sure if youve ever seen that but a lot of viewers loyal viewers here know about this range that basically started on the 13th of May so a few more weeks and we basically have a couple of well we basically have been in this range for a year the most recent attempt here to get close to the resistance level at 650 was not successful so a long another strong setback probabilities for a setback were quite High given how often link was rejected before but I highlighted to you if this move is successful it will take us out of the range yeah because there was a possibility for a one two setup with a third wave in the making that third wave was not successful and Link failed at three waves gives us still another possible bullish interpretation which is this one that were saying okay we rallied in a wave one this was an a wave down an overshooting B wave and we could now come down in a c wave however in this scenario ideally link doesnt go below six dollars okay so below six dollars um things are going to get very difficult for link and its starting to lose support we would drop below the previous a wave flow that you can see on the chart here of the 10th of March and it has a good chance then to test the 530 level which is the June low and follow the wide wave count to the downside what is the White Wave can we still have the orange count and the white count Ive been saying to you over the last few weeks that Im leaning towards the orange one which is the bullish breakout count but also highlighted to you that I think this will morph a lot yeah because we are just in this sideways range its just ranging we are identifying potentials here possibilities for a rally but if the rally is going to follow through well that is what the Bulls have to do right so far not successful what I can tell you is that I think if we get out of the range which would be a breakup of 950 um a link would be quite successful yeah and I think it is go time then but first of all we need to get above that 950 level and until we do that there is still downside pressure that could send link lower and again for me here the sort of six dollar level is key Ive got six dollars and three here on the chart because thats the 78.6 flip level but lets not uh get too accurate about three cents right because the six dollar level is also a little bit of a psychological one you know all these round numbers are not too much but um six dollars I think is is more important than six dollars and three cents so the orange count still the one that Im leaning to as long as were holding support here in this a b c correction possible running flat and then we could rally in a third wave but again that might morph quite a lot this count um if we break impulsively through six dollars it would raise probabilities for the white count that would have been a wave one to the downside a very complex wave two we could rally down in a third wave four and five into the three dollar region not off the table absolutely possible I think what we can do at the moment or we can do at the moment is to identify the key levels where probabilities are shifting um towards this or that scenario but yeah very very clearly defined range Ive got my gripbot running no problem at all from I mean from my point of view this can carry on a little longer you know up and down absolutely happy with it my bot trades exactly this range here and therefore Im I actually enjoy if it goes up and down a bit um but thats really all right it needs to do the 950 break now what we can do is to identify a few more levels to watch I mean you can see that it adheres to the 50 retracement already at 689 um so these fips seem to be relevant next support would be 653 and then six dollars okay now theres another way of measuring targets and we can take the length of the a-wave highlighter T in Orange go to the high of the B wave and then we look for the one to one ratio as a common Target for the C wave and that would be 628 so in addition to the levels I highlighted watch the 628 level for a possible reaction but for now very short term the trend is down medium term no Trend just sideways range okay so um but this goes up and down so you can trade the range but that mode which is sort of in the middle of the range but within the range we are now weve reached support for a possible breakout count all right thats my update about the link I hope you like 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 thank you 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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