The Trust Layer for Market Analysts

The video provides a structural update on Chainlink (LINKUSD), focusing on identifying relevant support areas for the rest of the day and early next week. The analysis notes a recent dip with a reaction to resistance at the 100% extension target of $25.37. Two scenarios are considered. The yellow scenario involves a larger correction, where the upward movement from the September low is a three-wave move, which has unfolded. The current move downwards requires a five-wave confirmation for a topping pattern to be confirmed; breaking below $22.62 would signal a more substantial top with a move down to $19-$20. If the pullback holds at or above $22.62 or is in three waves, there is more upside potential. The analyst observes that neither the upward move nor the downward move is in five waves, indicating a lack of a clear trend.