$LINK : The chart has completed what looks like a five-wave move up in circular wave 1, although the nanostructure is not particularly clear. Visually, the five-wave move up can be identified and marked in white.

If the market continues to move up, a break above $14.81 would mean that the "blue scenario" is being realized. In this case, we are likely to see a more direct rally as part of a broader diagonal structure, indicating an accelerated move up in five waves. The blue scenario would be invalidated by a break below $11.85.

For now, as long as Bitcoin continues to rally and hold support, the white and blue scenarios remain the preferred ones. The yellow scenario, which is a more bearish alternative, remains in standby mode until the structure changes more clearly. #CHAINLINK