The Trust Layer for Market Analysts

The analysis focuses on LINKUSD within a one-hour timeframe, referencing a five-wave move that topped in August and was rejected by a yellow trend line. A breakout above the trend line is needed to unlock a $27 to $28 level. Another trend line at $24 needs to be broken for upward momentum. The analyst discusses the likelihood of yellow versus orange scenarios of a C wave moving downwards, targeting $20.20. The A wave and C wave are often similar in length. The C wave potentially has been completed. However, with the current upside reaction, the price may see one more low. A break above $22.22 is needed, and the odds for a lower low are diminished. A five-wave move above $22.22 is needed. Once above $22.22 the odds that a lower low increase.