The analysis focuses on LINKUSD within a sideways consolidation pattern, specifically a triangle formation. It notes LINK's recent stagnation since October 10th. The recovery observed on Binance is considered more substantial. The short-term Coinbase chart indicates a three-wave move up following the October low, potentially classifying it as wave one, succeeded by a wave two decline. The analyst identifies an 'ABC' setup, suggesting a bullish scenario in yellow, contingent on a diagonal pattern. A drop below $16.40 would tilt probabilities towards a bearish blue scenario. No impulsive moves are spotted. Key resistance is identified at the blue trend line around $18.60, followed by $19.68, a Fibonacci resistance. A clear break above $22 is crucial to shift towards bullish prospects. Current sideways movement lacks clear directional focus. The analyst suggests needing a catalyst, pointing to CPI data. Trading expert advises caution and awaiting a breakout. The nearest resistance area stands at a blue trend line with a value around $18.66, followed by Monday high near $19.68.