$LINK

#LINK Chart Analysis

A few days ago, I analyzed the #Chainlink chart. Initially, it appeared to follow a cup-and-handle pattern with continued upward movement. However, due to Bitcoin’s correction and a significant decline in #altcoins , the drop was much deeper than expected.

At first, I anticipated a more standard wave formation where LINK would rise above $30 before a correction. However, I now believe it’s more likely that the 3-1 wave has completed, and after the 3-2 wave correction, the most significant upward movement—the 3-3 wave—might occur.

Although further correction could happen, my personal expectation is that we may see a short correction at this level, followed by a significant rally.

That said, always keep an eye on Bitcoin’s movements while trading, as it can greatly influence the market.

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