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 Online13 Dec 2025, 00:01 UTC
AI-generated source summary
The analysis focuses on the Chainlink (LINKUSD) chart on the 1-hour timeframe, detailing an Elliott Wave corrective structure. The speaker identifies a completed fifth wave to the downside within an anticipated A-B-C correction. Specifically, the C-wave is considered a five-wave move (1-2-3-4-5). A key support area, defined by Fibonacci extensions from the A-wave, is noted between $13.22 and $12.35, with a critical level at the 161.80% extension at $12.201. The market has recently touched this range, and a small reaction has been observed. The speaker notes that the C-wave in an A-B-C correction typically has a similar or slightly longer length than the A-wave. While a double bottom or a slightly higher C-wave low is acceptable, a decisive break below $12.20 is critical for invalidation. The analysis suggests that if the market shows upside momentum from the current levels, it could mark the beginning of a new impulsive move, potentially targeting prices around $17.00, representing a potential wave 3 or c-wave completion in a larger upward trend. Until a clear upward breakout is confirmed, the immediate pressure is considered downward, with any upside moves viewed as corrective bounces within a broader corrective phase.
AI-generated summary based on the source content.
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