The Trust Layer for Market Analysts

The analysis focuses on LINKUSD, currently around $23.15, using an hourly timeframe. It identifies a breakout from a descending trendline established with at least three touchpoints from a peak of $28. The price action since Monday is considered, noting an initial five-wave move up, identifiable as wave one, two, three, four and five respectively, after the initial wave. It highlights that to confirm a bullish outlook, LINKUSD needs a pullback into support, with a crucial support range between $22.29 and $23.05, failing this support, breaking below $22.29, the analysis is invalidated. It also states that there is another support area that needs to be hold to keep that upward thesis alive. He expects if five waves are seeing an additional low should be seen on a pullback. He draws out two future price actions depending on a five wave and three wave scenario. He set the target at $27.15.