[00:10] Blue Scenario C-Wave Extension: Analyst tracking a downward C-wave in the blue scenario, with a full triangle pattern in wave X that has broken to the downside after weak momentum transformed into clear downside momentum.

[00:56] Complex Correction Structure: Z-wave following an ABC structure based on a complex correction that started August 22nd, with no five-wave move up seen throughout the entire downtrend indicating weak bullish foundation.

[01:40] October Flash Crash Recovery Analysis: The October 10th flash crash recovery was only in three waves, followed by back-to-back three-wave movements (up, down, up, down) leaving no solid foundation for a proper upside reversal.

[02:23] Critical Resistance Levels: Chainlink unable to break above initial resistance zone at $19.18-$19.68, which must be breached before considering higher prices, with pressure remaining downward.

[02:43] Key Support at 78.6% Retracement: Price has reached the 78.6% retracement of the last rally, a key spot that if broken will likely test the October 17th low at $15.70.

[03:01] Larger Degree Support at $13.30: The $13.30 level represents the larger degree 78.6% retracement, with analyst giving bulls room down to this level before the situation becomes "really tricky" for bullish scenarios.