The Trust Layer for Market Analysts

The analysis is on the daily timeframe for LINKUSD. The price has reached the 78.6 Fibonacci retracement of the rally between the June low and August high. The analyst provides key levels within the parameters of the scenario they are tracking. If it's in a wave 2, the price might max out the support zone. A confirmed low has not yet been achieved, but from a rewards-risk point of view, the current level is getting interesting. The analyst points out a 1-2 setup where wave 2 is close to invalidation, which means it's a good reward to risk ratio because the price is lower. The chart has reached this key spot, but that doesn't mean it's a good time to buy necessarily, since that depends on the trading plan. The analyst focuses on sharing the chart structure.