Chainlink Crash: How Low Can LINK Go?
1 extracted signal · 0 resolved · 1 still active
More Crypto OnlineIndependent analyst profile- Source published
- 30 Oct 2026, 14:40 UTC
- Recorded by Tahlil Plus
- 30 Oct 2026, 17:56 UTC
AI-generated source summary
The analysis focuses on Chainlink (LINKUSD) using a weekly timeframe. The primary interpretation suggests that the current price action represents a corrective wave 'B' or a wave '2' pullback within a larger corrective structure, potentially an Elliott Wave triangle or a complex correction. The support zone for this pullback is identified between $8.28 and $10.51. A bullish outlook is maintained as long as the price respects this support zone and forms a higher low. The projected target for the subsequent move is around the $49.87 level, corresponding to the 38.20% Fibonacci extension of a previous move. A break below $8.28 would invalidate the immediate bullish interpretation, suggesting further downside. The analysis also considers the possibility of a continuation of the ABCDE pattern within a triangle, with the potential for a C wave to retrace towards the lower bound of the current support zone before a potential upward move.
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Tahlil Plus independently records and evaluates public market predictions. Extraction may be AI-assisted and results follow the Tahlil Plus methodology. This information is not financial advice.