The analysis focuses on LINKUSD using the daily timeframe. It notes downside pressure and a sell-off. There's no confirmed low, emphasizing the need for a trend reversal signal. The market remains in a downward spiral. A bounce ended as a three-wave move up. The analyst suggests LINK is unlikely to form an upside impulse from the current position. Support area has been added on the smaller timeframe to the chart for a last potential chance for the bulls, but at the moment it doesn't look like it. On the short-term chart a fourth wave is being monitored which can lead to a fifth wave down. The analyst mentions the possibility of a completed triangle on the daily chart, which is confirmed after a five-wave move up. There is a mention of a wave 4.