LINKUSDT: A-B-C Corrective Roadmap After Recent Local High

Buonasera a tutti!!


Hello everyone,
sharing my technical analysis on LINKUSDT's current corrective structure following the recent impulse wave that set a new local high (and quarterly high).

## The Analysis
After completing an extended Wave 3, which broke the previous August 13th high and pushed the price towards the $27 mark, LINK has entered a classic A-B-C corrective phase.

Wave A: This first leg down appears to be completing its internal Zigzag (5-3-5) structure. The natural target for this initial bearish impulse lies within the key support zone of $23.4 - $23.5. The price has already reacted near $23.6, suggesting the local bottom is close.

Wave B: Once Wave A is complete, a corrective bounce is expected. The most probable target for this Wave B relief rally is the resistance area around $25.4, which aligns perfectly with the 0.618 Fibonacci retracement of Wave A.

Wave C: After Wave B concludes, the final leg of the correction, Wave C, should follow. The projected target for this wave, based on a 1.0x extension of Wave A, is the strong support level at $22.48.

## A Potential Trading Strategy
Based on this Elliott Wave map, a potential trading plan could be:

Wait for Wave A to Complete: Avoid opening new short positions now that the target for Wave A is near.

Trade the Wave B Bounce: Look for a conservative long entry upon confirmation that Wave B has started, placing a Stop Loss below the Wave A low (e.g., below the $23.7 support).

Trade the Wave C Decline: Take profit on the long position near the Wave B target (~$25.4) and, upon signs of weakness, consider a short entry to ride the final corrective wave down to its ultimate target.

Disclaimer: This is a technical analysis and not financial advice. Please trade according to your own strategy and risk management.