Technical Analysis Update and Price Now! chainlink charChainlink LINK Price News Today - Price Forecast!

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foreign to another update video about chain link only really quick update as were heading into the weekend as you know cryptocurrencies never sleep also they dont rest on the weekend well okay they rest a little bit but um you could argue that link has been resting for a year now because its been really moving in this sideways um you know action or Price action here since May 22 I mean its basically a year now middle of May this range has started and the range is defined between 5 30 and 950. its a pretty pretty obvious range now when a range becomes too obvious at some point it will break and were tracking that identifying trade setups you know as we go I cannot tell you when this trend uh Channel or well you could say the range is going to break but it you know pretty sure it will happen at some point and I can give you the levels above or below which a breakout is more likely so at the moment as long as we have holding and its the orange wave count that you can see there on the chart at the moment a breakout to the upside of the channel is indeed more likely in my opinion because were making higher highs were making higher lows at the moment yeah High higher high higher high low lower high lower high and were holding the relevant support area Im counting it as a one two setup at the moment in which we have done the a wave already the B wave and were now coming down in the C wave of the wave 2. as long as were holding the six dollar level the third wave to the upside has a reasonable likelihood and would for me be the preferred scenario to keep to make it very clear if that third wave happens it should take us out of the range yeah because it should break above 950. on the flip side a break below six dollars would send us down lower we also have a breakout setup to the downside here which however for me personally is not in control at the moment because we are holding the six dollar level which is critical so bullish support but as long as that bullish support is holding I would remain focused on the upside the imminent bearish setup would be an Elliott wave triangle which broke or is about to break yeah a b c d e is an idiot wave triangle in a way for which could result in a way into a wave five yeah and we could head down in five waves next but I need a signal the market needs to give me here a signal and that would be a break below six dollars below six dollars probabilities would shift towards a breakout to the downside and the 530 level would be the official breakout point thats really everything I can give you at the moment about link 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 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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