The Trust Layer for Market Analysts

The analysis focuses on LINKUSDT using Elliott Wave theory on a 1-hour timeframe. It identifies a potential pullback forming, after breaking below a price channel. Five waves up are recognized, followed by an A-wave down and a B-wave up, with a possible C-wave to the downside currently unfolding. The minimum requirements for a five-wave sequence to the upside have been met, but the pattern appears weak and diagonal. The price needs to hold above the $12 to $12.78 area to avoid further lows. An impulsive upside reaction is needed to break above the green lines at $14 and $14.52 to confirm an upward trend. Without these five waves up, the upside reversal pattern is questionable.