Welcome to this analysis about LINKUSD, we are looking at the 4-hour timeframe perspective, the recent events, the established formational structure, and what we can expect in the upcoming times. LINKUSD on the more global perspectives has established this major bullishness to the upside where it formed several highs within the structure and also a new all-time-high recently, this gives the edge for LINKUSDs current state and as I discovered now it is moving in a very significant formation that will be worthwhile in the upcoming determinations when LINKUSD shows up with the proper price-action to complete this formation, therefore I detected all the important levels and likely outcomes we should consider.
When looking at my chart we can watch there how LINKUSD has initiated this impulse to the upside marked in my chart in green with the letter A, since this LINKUSD has moved somewhat to the downside and has now with this price-action established this descending-channel-formation also with a coherent wave-count within the formation already completing the wave A where LINKUSD is now about to form the wave B that will run into the upper-boundary-resistance and therefore likely to show up with the wave C to the downside that will then finalize the whole wave-count within the schedule and be a potential source of the final confirmational breakout above the boundary completing the formation.
With taking all these factors into consideration we will see LINKUSD moving into this confirmational-bounce-cluster marked in my chart in blue where several supports coming together and when LINKUSD manages to bounce within this cluster it can possibly lead to the next wave-development, this happens with LINKUSD closing above the upper-boundary as it is marked in my chart which will indicate the next wave C to the upside developing. For now, it will be important how LINKUSD moves on to form the wave B and C within the schedule and after that how LINKUSD will react within the confirmational-bounce-zone, when we see a solid bounce within this zone this will be a great origin for the final channel-breakout, it will be an interesting journey.
In this manner, thank you for watching the analysis, have a good day, and of course good trading, all the best! "Good luck is when opportunity meets preparation."
Information provided is only educational and should not be used to take action in the markets.