The Trust Layer for Market Analysts

The analysis focuses on LINKUSD, examining the 1-hour timeframe. The analyst believes the price has not yet reached a substantial low and is currently in a corrective phase. A reaction to the resistance area between $22.22 and $20.92 is expected. Another low is anticipated in both the yellow and white scenarios. The analyst expects a move down to at least the 38.2% retracement level and potentially the 50% fib level, located at $17.43. The analyst suggests that a possible move up into resistance may occur before the wave 4 and a further push downwards. A Sunday sell off is often seen before a bounce. The price should go downward with a target of $17.43, and it remains so as long as it stays below $22.22.