Short

Chainlink to Descend for Intermediate Wave C?

Updated

Strength looks to be tapped here and potentially going to start a decline in Chainlink. From my wave count, this would put us into the intermediate Wave C, then completing the primary Wave 2 of one higher degree.

I am looking for Chainlink to re-test the ascending RSI Trendline I have set, with potential break below.

I am short from $17.34

Note

As long as we don't take out the prior 12H candle's high... we should be good here for the end of Wave B and will continue our descent of Wave C.

Potential price targets for C marked with arrows. Way early... need to see how thing play out and will adjust from there.

CarlParker_

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