🔔 $LINK Update: Wave 2 May Be Over — Is Wave 3 About to Start?
Chainlink ($LINK) appears to have wrapped up its Wave 2 correction, which played out in a clear 5-wave move down. This suggests that the corrective phase might be done, setting the stage for a powerful Wave 3 impulse — typically the strongest wave in Elliott Wave Theory.
📌 All eyes are now on a critical resistance level — once $LINK breaks above this, it could signal the start of the next bullish leg.
📉 The Fibonacci extension points to the 1.6 level as the next major target.
✅ Entry Idea: Consider buying above the $100 level with a market order, once breakout confirmation hits.
🔴 The red zone on the chart highlights the key area for breakout confirmation.
Stay alert — more updates coming as this setup unfolds.