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foreign video about Link train link continues to move sideways here in this tight range between the 788 level you can see it on the screen there the resistance the top level the basically the top boundary of that resistance box highlighted in red and the lower boundary which is the support box at 6.19 and we can continue to move between these yeah actually it hasnt even entered well it has actually here on the 15th of March it entered the orange support area but since then its just been moving sideways very tight tight range link has a lot of practice in doing so because it has been moving in this larger range basically for a year um in May its going to be a year and this year I mean this could be quite a few different patterns so I dont try to really decipher here the micro count I mean we could give it a try but its basically pointless what is much more important is to understand what are the key pivots what are the key support and resistance areas above below which we have to change our perspective and as long as we stay below 788 my view is um that this could still be a wave 2 top here and that we come down in the third wave but then I will tell you that this is getting less likely the longer weve been moving sideways because these wave tools when theyre complete you should normally see a Wave 3 rally to the downside to be quite impulsive um Im generally leaning towards the upside as I said before because as long as were holding above 619 my focus will be on the orange count even though the white one is possible and even likely the orange one for me matches better what generally happens in the Market at the moment yeah so the orange count would suggest that we bottomed in a wave 2 already and that were ready for a third wave rally that third wave rally highlighted T in Orange and thats the message that is unfortunately not changed from previous videos its just a bit boring out there um that third wave should take us to 8.95 but eventually the larger degree third wave should take us above 950 so were talking here about a key resistance 950 because it is this area above which we havent managed to get since um well since basically May 22 so this is going to be the top of the larger range and its going to be a lot of resistance along the way yeah there are some resistance levels in this range which are going to be meaningful like for example here this swing High which is at 840 this high of the 20th of February because we had here resistance before around this range yeah but then weve got the 950 level and getting above that would have yeah bullish implications weve been moving in this range now for so long in a break above the level I think leads to quite a bit of upside for link but yeah until then were just moving sideways very tight range I mean its been moving in a range for a while but in in such a tight range I mean thats thats been rare um this could even be a triangle so I mean it can reset the wave too you know this is just Noise Within the range this smaller range really is defined by 619 and 788. okay this map did 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! 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