Nology’s Elliott Wave chart outlines two possible corrective routes for Chainlink (LINK), marks $9.80-$10 as a lower reference zone and uses Nov. 5 as a timing marker.
Its wave count treats the first corrective wave as apparently complete and sketches two ways the following phase might unfold. The analysis presents that count as a technical possibility rather than a definite forecast.
Nology identifies $11.20 as an intermediate level and marks $10.80-$11 and $9.80-$10 as lower reference ranges. The levels are scenario markers, not stated price targets.
On the other side of the chart, $12.40 is the first resistance level, with another band at $13.20-$13.50. Nology’s analysis indicates that a rise above those areas would weaken the downward pattern it depicts.
Nov. 5 is a timing reference for the scenarios, not an assured date for a move. A LINK rebound before that date could require a reassessment of both the chart’s timing and its depicted route.
