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foreign welcome to another update video about link there is not too much movement here on Saturday but the setup on the long side here is still alive is still intact and as long as the six dollar level is holding which is basically where that previous a wave flow hits and where we sit where we have the 78.6 retracement level sit as long as this level is holding I am leaning towards the upside of towards a third wave rally break out above the range of 950 yeah the upper range boundary is 9.50 this support level is around 5.30 so weve been in this range for a year Ive been repeating that over the last few weeks because it just indicates that yes we are tracking breakout setups but given the length that link has been in this range it may not be working out immediately yeah we may have to take several attempts to those breakout setups and it is certainly a bit of an exception that a coin is in this range or has been in this range for over a year or not over a year for a year basically yeah I think its been around the 10th of May last year that link got into this particular range now important to understand is that there is an elite wave triangle mapped out here that trying triangle highlighted in blue a b c d e is the bearish wave count the risk is because Ive made an adjustment recently I made you aware an adjustment of this triangle count and indicated that it is very much possible due to the latest sell-off here that the triangle peaked here on the when was that on the 17th of April at around um yeah 880. so a break above 880 would invalidate this particular type of triangle and move above 950 would invalidate the trying overall so that would be a pretty bullish wave count or pretty pretty bullish scenario the current bearish wave count would send link lower however this is so far only a potential yeah because link has been in this range for such a long time bullish and bearish potential is pretty much in terms of probabilities very very close together I am still leaning though towards bullish breakout and the orange wave count which would be um yeah basically the third wave rally as long as six dollars holding six dollars are holding why am I leaning towards it well I lean towards that because we are currently holding above bullish support if we were below bullish support Id be looking for further downside and if the Blue Wave count plays out as triangle then this could send us down into the three dollar region so lets see these are the two potentials close together its worth knowing about the yeah level where probabilities shift and that is between well around the six dollar level you could say that the the six dollar level is the level the pivots between new bear Market lows and a rally above ten dollars yeah and then maybe even way above because a third wave rally should take us out of the range to above 950. all right thats my update about link 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 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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