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 Online07 Jan 2026, 20:19 UTC
AI-generated source summary
Chainlink (LINKUSD) is undergoing a pullback, currently within a micro support area spanning $13.02 to $13.59. This phase is identified as a Wave 4 correction, with the 38.2% Fibonacci retracement at $13.27 serving as an ideal target for this pullback. A critical support level is established at $13.00; a breach below this point would likely lead to a retest of the December lows, approximately $11.73, and would necessitate a re-evaluation of the current bullish structure, potentially leading to a triangle pattern and extended sideways movement throughout January. The asset recently experienced a rally of around 21% from its December 18th low, encountering resistance near the $14.00 mark. Following the completion of this Wave 4 pullback, the analysis anticipates an upward move in a C-wave, with an ideal target set at $15.00, correlating with the 100% Fibonacci extension. Further potential upside targets for this C-wave extend to $15.75, $16.01, $16.60, and $17.30, based on higher Fibonacci extensions. A decisive break above the internal B-wave swing high at $14.05 would confirm the progression into a fifth wave, indicating that a local low has been established. Conversely, the overarching view suggests a high probability of another low before a sustained, significant upward rally commences. The rally observed from the November low is interpreted as a three-wave corrective movement. Investors interested in a broader, long-term perspective for Chainlink should refer to the previously released 2026 outlook video.
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