EuroMotif

LINKUSDt approaching the dreaded 9.618: ChainLink nearing a top?

BINANCE:LINKUSDT   ChainLink / TetherUS
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LINK has been rocketing since (and before) Coinbase Listing.
Just another mini bubble? Pump and Dump? or real Demand?
We know it will eventually collapse, just a question of when.

The 9.618 extension is often a Murderer of Moves.
Breaking it would mean serious continuation strength.
At the very least it is a good place to take some profits.

Using Binance chart as the underlying market gauge.
Coinbase price variance is obviously being Arbitraged.
Watching both charts reveals the "elastic" connection.


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Jun 29
Comment: Zoom on the price action just now that exact confirmation of the 8.618 adds confidence in all other extensions, and thus even more likely the 9.618 will be a serious rejection. But lets see....

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Jun 29
Comment: Decent pullback, but still respecting the fib, which has upwards energy, I am not ready to call it "done" yet...

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Jun 29
Comment: Still carrying the tune
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