This video provides critical technical analysis for Chainlink traders at a pivotal decision point. The analyst identifies a downward C-wave pattern developing after a completed X-wave triangle, with price reaching the 78.6% retracement level of the last rally. Key support levels are mapped at $15.70 (October 17th low), $15.00 (October 10th low), and the critical $13.30 level (larger degree 78.6% retracement). The analysis emphasizes that all recent upward movements have been three-wave corrections without a convincing five-wave bullish sequence, indicating continued downward pressure until Chainlink breaks above initial resistance at $19.18-$19.68.