Chainlink – Deep Wave 2 Retracement / Powerful Wave 3?

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.

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