The Trust Layer for Market Analysts

The analysis focuses on LINKUSD, suggesting that a break above the first trendline is an early indication of bottoming. It posits a possible triangle pattern consisting of A, B, C, D, and E waves and forms a series of higher lows and lower highs with B-waves that can overshoot in these triangle patterns. B-wave in the B-wave triangle can overshoot with the B-wave itself being a triangle. The market is currently holding support. The swing low from April is at $10.10. As long as the market can hold above the April low, the triangle pattern is viable. Below that level, it wouldn't invalidate the B-wave, but it would invalidate the triangle. There is no evidence of holding support. No impulsive upside reaction.