The analysis focuses on Chainlink (LINKUSD). The analyst observes LINK consolidating above a breakout line at $23. The long-term chart suggests a potential move towards $31 and then $47. A break above $25 might lead to shallow pullbacks, with the third wave targeting $47, the first milestone target. The analyst is tracking two potential scenarios. Consolidation above $23 is seen as bullish, while a break below could signal an early pullback but also an opportunity. The speaker provides the potential for a move to $13 if the pullback happens, but considers that scenario less probable. The immediate decision zone is between $22.60 and $25.00. Without a move down and a break below the red line at around $20.80, there is zero indication for an actual pullback. A sustained move above $25.12 could propel LINK directly to $31 and then $47.