The analysis is on Chainlink (LINKUSD) on the weekly timeframe. The market is currently pushing against a yellow trendline. The bulls need to overcome this line. The target is $28. There is a support zone being watched on the weekly and daily charts, this support provides clear parameters. The yellow scenario suggests a B wave formation, leading to targets of $47.46, $68, and potentially $85. On the 1H timeframe the market is ranging, with a recent dip into micro support. Downward pressure is noted but a support area is also present. A 1-2 setup is apparent with the invalidation point at $21.88. The analyst is neutral and open to both bullish and bearish outcomes. To establish a local low, the price needs to break above $24.44, failing which, there is potential for a larger correction into lower support levels. The technical summary notes an invalidation point at $21.88 and considers the present move as only a 3-wave move.