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foreign video about link chain link has reached the target forward slash support area for this Wave 2 near the typical area that were normally looking for in a wave 2 correction um yeah and if it shows strength from here you know its now reached sort of the you would call what you would call the minimum expectation for a wave two yeah if it turns around here it could it could deliver a strong wave three above to above 950. um we can actually measure that and calculate that from the current lows so if it turns around from here you would actually expect again the 1.618 flip extension were talking about 990 for a third wave Im skeptical about this I have to say that yeah thats why Im more confident about other coins um here Im a bit skeptical and the reason is just this long sideways action since May yeah its just this is not really great its not a great structure to bottom yeah especially as I consider the higher degree Wave 4 here yeah it would have to we would have to if we want to find a way five flow I would have to say it bottomed here in December probably with a truncation and that is never great you know um yeah and as I said to you before there is still the bearish view here on the table and that is more realistic than for other coins um in that we came down of this wave four High in November we came down in a wave one then this was a wave 2. then here this is a wave three in an ABC because its an ending diagonal then we would get a four and a five and this is still very real therefore anybody who decides to scale in here be aware that this is one of the coins where I would give the bullish Outlook a lower probability however its still decent reward to risk so its up to you if you you know if you want to trade this or whatever anyways no Financial advice you know that but theres a decent reward to risk ratio from here and it could of course start to turn around from here so obviously I gave you the targets here for the uh the 50 retracement if it loses that it could without a problem drop to the next FIP level at 6 20 and the 78.6 FIP at 585 below 585 I have to put the White Wave count in control which is the bearish one which could take us into the three to four dollar region um so and then yeah if Im if I measure the target for the C wave yeah so the orange count is the lets call it the bullish count yeah wave one up wave two down within the wave two weve got the yellow ABC so if Im taking the length of the a wave and if I go to the high of the B wave then you can see how very well I think I showed you that in the previous video you can see how very well aligned the 50 retracement and the 1.618 flip extension are and this is fit confluence which means if it shows strength from here if it turns around it could really deliver a nice third wave I think its now you know Im not saying you I definitely expect it to bottom here but we have FIB Confluence and here is anybody whose interest in this needs to watch here if a bottom is forming I would expect if it bottoms it needs to bottom somewhere in this region yeah avoid it needs to avoid to drop below 585. and we have great FIP Confluence here so yeah thats sort of all I can tell you at the moment about the link there is also I mean if we look at the indicators maybe one more view here the indicators weve dropped into the bearish range on The Daily yeah and there is also not really any bullish diversions on the lower time frames so there is currently no sign it has bottomed really um but it could be the case yeah um also the move up is currently not really strong enough yet so I would currently even say I would say we get one more low at least as long as we stay below the 680 level yeah the 680 level the last swing High here from Monday from today actually was it today yeah it was today um as long as we stay below that I would be in favor of one more low but purely because the move up is currently corrective but if it turns impulsive then we have to assume the low was in here 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 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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