The current 4h chart on LINK is a textbook Elliott Wave setup – clean structure, impulsive momentum, and retracements that align beautifully with Fibonacci levels.
Wave 2 of the ongoing impulse retraced deeply – almost 88.6%, technically valid but aggressive. According to Neely’s Rule of Alternation, this increases the probability that wave 4 will be shorter and less complex.
I expect the next short-term target for wave 3 around the 23.6% retracement at $19.75, before we build wave 5 to complete a much larger green (3) – targeting $37.851 as the minimum projection.
Momentum is strong, volume is picking up – and this might just be the move that brings retail traders back to LINK.
🔹 Are you bullish on Chainlink?
🔹 How high do you think wave 3 can go?
👇 Drop your thoughts in the comments and follow for more detailed Elliott Wave crypto setups.
#Chainlink #LINK #ElliottWave #Fibonacci #CryptoAnalysis
