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foreign video about link yeah link is a chart which broke down again um also didnt hold really critical support we have now a situation where um we have several possibilities unfortunately here on the chart again it could still be this white count which is actually the bearish count still on the chart still likely in the scenario as long as were holding um below 950 because the 9.50 level is the upper boundary here of the range in which link has been since the middle of last year yeah since May 22 so a break above that level would however invalidate this imminent bearish account however it reacted unfortunately pretty much where it should have reacted in the bearish count um so we talk here about the 78.6 FIP retracement at 8 59. so it did react and coming down quite impulsively and if we now take out the um wave one low here one second um yeah so the white count if we take out the 550 level roughly I think we have a confirmation that were in the white count that could eventually take us into the three dollar region now Im not necessarily focusing on that too much as long as support is holding um doesnt mean I wouldnt I wouldnt um observe it yeah um but it doesnt mean that I focus on it right now focusing on upside still but it seems likely that were going to reset um The Wave 2 lower that we had here so obviously we will remember we had a small one two setup here with a possible third wave to come third wave failed to materialize because we broke below micro support and we just come down too far so what are the opportunities or the possibilities here well the first possibility would be to reset this wave to over here I will have to take support out now as well because that is going to change so basically is that likely that we reset Wave 2 here um C that would be B wave top then and this was the a wave so a b c and ah that is horrible more like that probably but then this is a very clear three wave move doesnt look good at all um but it could then be a one up and a overshooting b wave C wave down now thats the possibility um not um super confident Im sure this count will move quite a bit but if we are second yeah in the orange count if were looking at this particular scenario then we can come down all the way to six dollars and five as support below that level is there another bullish perspective left um probably not it will be extremely difficult um so it needs to hold that 6.5 level now again it doesnt mean it couldnt go lower because the a wave already came down so low and here B wave top and the C wave down here could become a running flat where the c-wave ends above the a wave but its rare you know these patterns are rare I mean they do exist but they are rare so yeah its going to get difficult here um it could be could mean you know maybe just using a grid board as I do because its just choppy and it excels in these choppy environments um could mean only to do what something on the spot Market not be overly aggressive here because there is so much uncertainty here and this count doesnt look good either the orange one um but its what we have at the moment theyre probably the best to work with but Im sure this count will move a lot this is key support 6003 doesnt mean it will be invalidated below that but it will mean that its very unlikely that we still get a third wave rally afterwards all right 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 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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