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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See some of my other plots and trade calls below. I also plot Forex and Stocks, take a look at my profile page.
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Recent Achievements: (caught the spike) (near perfect plot) (caught the EXACT bottom) (caught the EXACT top) (great entry, massive profits) (instant Profits, no drawdown) (massive Profits, breakout entry) (massive Profits, short wait) (massive Profits, instant Win) (PERFECT targets, massive profits) (EXACTLY on time) (EXACTLY on time)
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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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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Decent pullback, but still respecting the fib, which has upwards energy, I am not ready to call it "done" yet...