EuroMotif

LINKUSDt approaching the dreaded 9.618: ChainLink nearing a top?

EuroMotif Mod Updated   
BINANCE:LINKUSDT   ChainLink / TetherUS
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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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.

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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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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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Comment:
Still carrying the tune
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