LINK.USD bounced as expected, how far to go? ChainLink targets
LINK bounced from the support zone previously mapped.
Broke through a serious resistance and approaching others.
Targets are based on likely wave end points, and confluence.
2.7434/79 is immediate resistance already being noticed.
2.7925 has a tight confluence of 2 fibs, should be strong.
2.8838 is "structure" high that will be universally watched.
It is POSSIBLE that we have already topped.
But expect at least one more small leg up.
If breaks above all resistance zones, lookout!
Previous LINK analysis:
$2.65/2.54 Support Call (still in play)
recent Impulse Redux (caught recent top)
$2.7 target plotted (perfect roadmap)
Support/Bounce zones (caught recent bottom)
Breakout Zones plot (caught the breakout)
May 2019 support zones (caught all turns)
$1.46 Bottom Call (caught exact bottom)
Of course, I have had total FAILS on some ideas too, not going to pretend.
But all of my plots show PRECISE entries, TIGHT stops, and EXACT targets.
Precision is the way of the Fib. Almost every turn happens at a Fib Line.
Broke through a serious resistance and approaching others.
Targets are based on likely wave end points, and confluence.
2.7434/79 is immediate resistance already being noticed.
2.7925 has a tight confluence of 2 fibs, should be strong.
2.8838 is "structure" high that will be universally watched.
It is POSSIBLE that we have already topped.
But expect at least one more small leg up.
If breaks above all resistance zones, lookout!
Previous LINK analysis:
$2.65/2.54 Support Call (still in play)
recent Impulse Redux (caught recent top)
$2.7 target plotted (perfect roadmap)
Support/Bounce zones (caught recent bottom)
Breakout Zones plot (caught the breakout)
May 2019 support zones (caught all turns)
$1.46 Bottom Call (caught exact bottom)
Of course, I have had total FAILS on some ideas too, not going to pretend.
But all of my plots show PRECISE entries, TIGHT stops, and EXACT targets.
Precision is the way of the Fib. Almost every turn happens at a Fib Line.
Comment:
Consolidating in Band 2 with the 2.618 being clear resistance right now
the 2.618 is ALWAYS an important and strong fib. If not, I might have the Impulse wrong.
Of note the 2.236 is not containing the bottom of this rage, so next approach it will probably fall thru to the 1.618
.
Of note the 2.236 is not containing the bottom of this rage, so next approach it will probably fall thru to the 1.618
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the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
.