Total Quality
Score
If You Had Traded on This Analysis…
Pending

LINKUSDT
Entry
24.5600
2025-08-25
15:16 UTC
Target
22.3100
Fail
26.8900
Risk / Reward
1 : 1
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LINKUSDT
Pending

Body
The analyst discusses a potential internal sell-off in LINKUSD, tracking a B-wave low formed on August 15th, which leads to an upside reversal potential. The analysis uses Elliott Wave Theory, and considers an overshooting B-wave, leading to a C-wave decline. The analyst expects a deeper wave two correction, showing a micro five-wave move down, a three-wave bounce, and resistance holding downside pressure. The primary outlook remains bearish, predicting a continuation of the C-wave decline, potentially testing previous swing lows around $24.15 to $23.50, followed by a corrective bounce in wave four and another decline in wave five. Key support is anticipated in the $22.31 to $23.70 range. A break above yesterday's swing high near $26.60 would invalidate the bearish outlook.