The analysis focuses on the Chainlink chart, noting the price has moved from micro support to micro resistance. The long-term chart outlook remains unchanged, anticipating further upside in the blue scenario. A break below $11.40 is needed for a bearish outlook, but there is room for price movement. A low may have already formed at $15.42 on August 3rd, potentially a B wave. The move to the downside looks corrective, as a three-wave move and the move to the upside shows a 5 wave, but a little ugly. A key level to hold to keep the upside pressure alive is $16.58. The analysis identifies resistance around $17.80 to $17.90, where a yellow wave four could form a top. The 138% extension sets a target of $18.60 for the blue wave three. Key levels that need to be watched in case of breaking the resistance are: $18.22 and $19.60.