The analysis focuses on the short-term chart of Chainlink (LINK/USD). The primary scenario suggests a potential C-wave decline, extending the current correction lower. It identifies a triangle pattern within wave X, which could lead to a downside breakout. Although the momentum appeared weak initially, it seems to be gaining strength. The analyst considers the possibility of shifting the D-E pattern but decides to leave it as is. It concludes that the X-wave may have finished with an A-wave decline in three waves, followed by a B-wave up, anticipating a C-wave of Z. This Z-wave follows an ABC structure related to the correction starting around August 22nd.