Chainlink: Setback

LINK pulled back significantly over the past seven days. However, we interpret this development primarily as part of the internal substructure of turquoise wave 3 and, therefore, stick to our primary assumption. Moving forward, the price should continue to rise and surpass the resistance at $20.85. However, if the price drops below the support level at $8.12 (probability: 27%), we will have to consider a lower completion for turquoise wave alt.2.