$LINK $TRUMP

Today's #Chainlink  (LINK) Chart Analysis

We should consider two possible scenarios for Chainlink.

1️⃣ #Bearish  Scenario

In the short term, if Chainlink drops below $15.4, we may see an ABC corrective rebound, followed by a decline to the previous low of $4.

2️⃣ #Bullish  Scenario

It appears that Chainlink is currently in the third wave of a 1212 pattern.

If Chainlink breaks the previous high around $30, I personally expect it to rise above $50. This wave corresponds to the 3-3 wave in Elliott Wave theory,

and conservatively, we could see an upward move to the Fibonacci 1.618 level near $50.

A significant volume spike observed a few days ago indicates the presence of strong buying pressure, which suggests a powerful upward movement is likely in the near future.

Additionally, Trump World Liberty Financial wouldn’t have bought Chainlink without a solid strategy.

Chainlink plays a crucial role in achieving the on-chain realization of #RWA (Real World Assets), which is a key focus for the U.S.

Have a great day!

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