🔗 Chainlink (LINK) Market Update 🔗

$LINK has now reached the $22.66 target zone, closing in on the critical $23.00 resistance — the March 2024 swing high. This level is key because a breakout above it would confirm either:

A C-wave to the upside (from the June lows), or

A third wave in a larger bullish cycle (from the April low)

📍 Key Levels to Watch:

Major Resistance: $23.00 (breakout confirmation above March 2024 high)

Extended Target: $25.00 if Wave 5 extends

Upper Micro Support: $19.00 – keeps local uptrend intact

Wave 2 Main Support: Below $19.00 → likely start of a larger corrective pullback

📈 Current Wave Count:

From 2 Aug low → Wave 5 is in progress

Structure suggests potential for one more higher high (possibly a fakeout above $23) before a Wave 2 pullback

If $19 holds → more upside possible in short term

If $19 breaks → larger Wave 2 already underway

💡 Summary:

Still in bullish territory while above $19

A clean break above $23 → bullish continuation toward $25

Watch Bitcoin’s movement — its possible Wave 2 could align with LINK’s pullback timing

#LINK #Chainlink #Crypto #BinanceSquare #ElliottWave #Altcoins #CryptoTrading #priceaction