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

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foreign video about link I just quick update here because the market is literally Frozen I think we should still have a good chance here to put the head and shoulders in which would be in line with the elite wave count which is the bearish perspective here to the downside and yeah I mean Link in my opinion is sort of following the bearish wave count here very nicely I think we are in this wave three to the downside that would be a wave three over Wave 3 and all of that down here on the way down could eventually enter bear Market but I think we are going to head into the region around three dollars maybe 350 and I think it would be very interesting to see how the price is going to react down here is a bullish bullish breakout possible it would be I will not believe it until I see an impulsive move up in five waves three waves down we dont see anything remotely bullish like that at the moment um on top of that I wouldnt really consider it and until we break above 7.80 because only then certain resistance levels are broken and certain bearish patterns will be invalidated and until then I am watching maybe we are putting here a little bit of a yeah lets say higher um wave four in yeah because as you can see here were in a wave four in a small wave four of wave three so I will eventually need to move all of this here to the right hand side because this sideways movement takes quite long but link does these things yeah we already had very long sideways movement after the June low yeah or Melo which was here basically at around 5.30 but um yeah short-term upside certainly possible here to put that head and shoulders in place all the way up to five six dollars and 35 in the current wave count if we go above that level yeah it will not be a wave 4 anymore because it would be basically too strong there are however other possibilities I did consider that before we talked about this could just be again another form of a diagonal where weve got a wave a here A B wave and a c wave down thats possible or even where Im saying weve come down this is just a wave one this is a wave two and we are gonna hit lower three four five off higher degree wave three that would allow for a stronger move up but would also be the more bearish perspective because if weve only if weve only done the one two of the higher degree Wave 3 it could send us down much much more so it will be interesting I think again nothing remotely bullishchy at the moment unfortunately but certainly some short trade setups here um and this is the key support area that we need to break through to confirm between 550 and 580 going below that level will send us down quite quickly I think into first of all the four dollar region then the three dollar reach now there is not much more to talk about because the price is literally just moving here in this sideways pattern which could be some kind of a triangle or so-called rectangle pattern um but yeah I think here sort of towards the throughout the holidays hopefully were gonna see some movement we you could say were getting squeezed a little bit into the Apex and maybe tomorrow we see a bit of a breakout here and um breakout Point here to the upset would be 6.12 to the downside six six five sixty eight so five dollar no 612 and 568 breaking out would indicate how a link is going to move in the next few days and weeks I think um if it goes up my first view would be its just corrective movement to the upside which would eventually come down again and a breakout to the downside would set us down fast quite fast yeah um without even putting a higher you know a higher level correction in here towards the 6 30 level maybe or 6.20 so yeah just boring sideways movement Trend still down and especially if we had a bullish Trend here yeah that this was indeed a wave one because we had five waves up here off the November low wave one wave two down then I mean what is this this cannot be a wave three it would be extremely extremely slow and boring um yeah maybe a one two setup and then go up from here but highly unreliable at this stage without confirmation okay thats my update about 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 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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