LINK.USD at first possible Support: ChainLink retrace Watch
ChainLink, along with entire market, is now into correction mode.
Recently LINK has been the "Canary in Coalmine" with early warnings.
It has cut through a couple supports, but is now on a strong ledge.
$ 2.66xxx is immediate support, and possible end of wave A of ABC to come.
$ 2.59/60 is the next support below, a wide and diffuse zone of energy.
$2.55/56 should cause a strong bounce, and would be a juicy long entry.
$2.5000 is Bulls Last Stand, they do NOT want to have to test it.
Previous LINK analysis click):
LNK at Impulse Redux (caught a recent top)
LINK $2.7 target plotted (perfect roadmap)
LINK Support/Bounce zones (caught recent bottom)
LINK Breakout Zones plot (caught the breakout)
LINK May 2019 support zones (caught all turns)
LINK $1.46 Bottom Call (caught exact bottom)
Recently LINK has been the "Canary in Coalmine" with early warnings.
It has cut through a couple supports, but is now on a strong ledge.
$ 2.66xxx is immediate support, and possible end of wave A of ABC to come.
$ 2.59/60 is the next support below, a wide and diffuse zone of energy.
$2.55/56 should cause a strong bounce, and would be a juicy long entry.
$2.5000 is Bulls Last Stand, they do NOT want to have to test it.
Previous LINK analysis click):
LNK at Impulse Redux (caught a recent top)
LINK $2.7 target plotted (perfect roadmap)
LINK Support/Bounce zones (caught recent bottom)
LINK Breakout Zones plot (caught the breakout)
LINK May 2019 support zones (caught all turns)
LINK $1.46 Bottom Call (caught exact bottom)
코멘트:
Zoomed way in, notice the exact bounce on the red fib below, and then the very close interaction with the red zone now
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코멘트:
Update posted in new Idea (click):
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