This video provides a professional Elliott Wave and technical analysis of Chainlink (LINK), focusing on market structure, major support and resistance zones, and the potential setup for the next impulsive move. The aim is to give viewers a clear, educational understanding of LINK’s current price beh
1 extracted signal · 1 resolved · 0 still active
More Crypto Online01 Dec 2025, 06:57 UTC
AI-generated source summary
The analysis discusses LINKUSD and its current sell-off. The analyst identifies a support zone between $12 and $12.78. The price action after a low more than a week ago formed a micro five-wave move up, which the analyst considers weak. The analyst indicates it is not a high-quality setup and points to tracking the 78.6% retracement for Wave 2 to 12.013. The analyst suggests that a break above the yellow trend line is needed to confirm a Wave 3 start, and decisive breaks below $12 would open the door to new lows.The video sets a key first resistance at $12.81 with a break above the yellow trendline to look for a long position. The analyst also notes as an alternative that if a micro five wave shows up on smaller time frames would add to their confidence.
AI-generated summary based on the source content.
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