The Trust Layer for Market Analysts

The analysis focuses on LINK/USD. The price remains below a yellow trendline, currently at $27.20, a break above this level would unlock prices around $31.0 to $37.0 and then $47.0 plus. The pullback looks corrective, with a three-wave move to the downside from the high. There's no upside impulse from the last low. Shorter term analysis shows a potential deeper pullback to $19.46 in the lower support area, with further support levels around $17.43, $15.60, and $13.30. A five-wave move up could happen, but it is not an impulsive structure, it is only a diagonal pattern. The key micro support zone between $20.60 and $21.69. As long as this support holds, there is an upside reversal pattern. Below $20.60, following through to the downside is likely, forming one more low.