The analysis focuses on the LINKUSD chart, noting a potential upside reversal, while highlighting that the 1-2 setup has low probability. The asset briefly broke below the 88.7% retracement level, but the setup is still valid. There is no confirmation of the market reversing to the upside. To confirm this, a clear five-wave move to the upside on the smaller timeframe is needed to confirm the start of the next move to the upside. The one-hour chart indicates the minimum requirements fulfilled for a five-wave move up.