Link showing signs of retesting bottom

Chainlink looks like it wants to retest our blue box at the .618 Fib. The 55 EMA has acted as a great support but with BTC looking bearish, I expect a retest of the .618 Fib and if that fails, I can see a further drop to my lower blue box. In my previous link TA, I posted that my target in an ABC correction was around $1.40. This level is right around where I still expect the price to potentially fall.

Trade closed: target reached:

It looks like our target at the .618 around $1.50 has been reached! Like mentioned above, $1.40 is still in the realm of possibility.