The Trust Layer for Market Analysts

The analysis focuses on the LINKUSD pair using a one-hour timeframe. The presenter discusses an extended correction, but support holds between $21.42 and $22.06. The move upwards is considered as a diagonal structure, meaning a pullback could be deeper. The price has attempted several rallies, and while there's reaction from support, a fifth wave is absent. The recent low potentially adjusts the upper target. The 61.8% extension level is now at $23.67, which is an ideal target for a fifth wave. The pullback is corrective in nature, showing overlapping structures and three waves down in A, three waves up in B, and a five-wave move down in C. Ideally, the low is in, leading to a fifth wave higher, but a yellow trendline offers resistance. The 50% extension is at $23.25.