Title: Chainlink (LINKUSDT) – Neowave Perspective & 2025 Outloo
The weekly chart of Chainlink (LINK/USDT) reveals a significant long-term contracting triangle pattern, perfectly aligned with concepts from Glenn Neely’s NeoWave theory. Here’s a breakdown of the structure and outlook:
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Neowave Structure Analysis
1. Contracting Triangle Formation
From the all-time high near $52 in 2021, LINK entered a prolonged corrective phase.
The price action from 2021 to late 2023 formed a well-defined contracting triangle, a classic pattern in NeoWave theory.
These patterns typically appear in wave B or wave 4, indicating a correction phase nearing completion.
2. Stable Base Formation (Wave E)
The long horizontal price consolidation between mid-2022 and early 2023 likely represents wave E, the final leg of the triangle.
According to NeoWave rules, once wave E completes, a strong directional move often follows.
3. Breakout & Retest
In early 2025, LINK broke out above the triangle's resistance and has since pulled back to retest it.
This behavior strongly suggests the triangle has completed, and a new impulsive wave (likely wave C or wave 3) has started.
Price Forecast – End of 2025
If this breakout confirms the beginning of a new motive wave (either wave 3 or wave C), we can project the following price targets:
First Target: $25 – $30 (initial wave 1 of the new move)
Second Target: $40 – $50 (full extension of wave 3 or C)
Assuming Bitcoin remains stable or bullish, and LINK maintains its structure:
> Projected Price for LINK by End of 2025: Between $30 and $45
This projection aligns with classic NeoWave post-triangle expectations.
Summary
LINK has completed a textbook contracting triangle.
The breakout and retest suggest a new impulsive phase has begun.
Price action points toward strong upside potential into late 2025.
As long as LINK holds above the triangle resistance (~$12), the bullish structure remains vali
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