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#LINK Wave analysis on the hourly timeframe
Strong sell pressure 🔻
It is clear that the pair is approaching the completion of the triangle pattern, with only the wave (E) remaining, in addition to breaking a key level to confirm the downward wave, which represents wave 5 within a broader impulse wave 🔽.
What supports the bearish expectations:
* Bearish impulse waves followed by corrective bullish waves.
* A triangular continuation pattern that aligns with the previous trend.
🧐 Breaking a major level from this correction supports bearish expectations towards levels 12.55531 - 11.94907.
📊 After that, an upward trend is expected to occur, at least in the ABC model.
#LINKUSDT
$LINK $LINK