LINK is one of the first alts to take off after the bitcoin spike. Climbing in a near vertical path, and we all know that means :( Let us hope for a controlled retrace that profits bears AND bulls.
Plotted are 3 upcoming resistance zones and individual Fib Lines. Any one of these zones or lines could halt price and start retrace. We may be in "wave 3", with w4 retrace and w5 final leg up to come?
$ 2.38-2.40 is first resistance zone enforced by the 2.40 Round number. $ 2.47-2.50 will be VERY STRONG with multiple fibs and 2.50 round. $ 2.58-2.60 is the MAXIMUM expected before a significant pullback.
.
Previous LINK analysis (click): (early dip estimate) (quick easy pips) (perfect exits) (several long entries) (perfect roadmap) (caught recent bottom) (caught the breakout) (caught all turns) (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.