EuroMotif

LINK.USD near term Support Resistance Zones: Chainlink trapped ?

EuroMotif Mod Updated   
BINANCE:LINKUSDT   ChainLink / TetherUS
Update to my Link Retrace Plot (click).

Link has been behaving a very logical manner since topping.
It has been respecting Supports and Resistances precislely.
Now it has built up layers of energy, is break out imminent?

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Comment:
Hit the "Immediate Resistance" and pulled back The bounce thus far looks purely "corrective" and not showing any signs of an "Impulsive" move.
Thus I expect a move down to test some of the supports below.

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Comment:
So much for "corrective", we just pierced the "immediate Resistance" Perhaps a retest and then attack on the thick resistance above.

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Comment:
Here we are into the thick of resistance, and looks to be slicing through it pretty easily but that green 5.236 is a possible wave endpoint, so watching closely here.

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Comment:
LINK just keeps on going. BUT heads up on the 9.618 coming up We may just blow through it, but if this extended wave WERE to end, that would be a GOOD spot to do so....

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Comment:
Punched right thru the 9.618 But was that a "blow off top"?
Hard to say with Link being so vicious Bull!
Comment:
Bit of a pullback from the 9.618 blow off top Now expecting retrace to the 5.618, which happens to be around the nice round $2.50 figure....

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