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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
Cryptocurrency
Technical
1H
Analysis Predict Bear Market
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.
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