EuroMotif

LINK.USD retrace Done or close? ChainLink Support Zones to watch

EuroMotif Mod アップデート済   
BINANCE:LINKUSDT   ChainLink / TetherUS
Near Term support zones to observe.
We may be done with the retracement.
If it breaks lower, check lower support.

Plotted are the Fibs of three waves:
Light blue is the entire wave, perhaps EW 12345, or just 123.
Purple is a sub wave of the Light blue, perhaps EW 3.
Red Fib is that of the retracement with 3/4/5.236's of interest.

$ 2.9280 may well be end of retracement.
$ 2.85xx is quite possible if breaks lower.
$ 2.78xx is Bulls Last Stand, uptrend in danger.

If we bounce here, there is a chance for a wave 5 yet.
If we get a wave 5, we might get a slightly higher high.
If 5 waves are done, then we will see an ABC retracement.

Previous LINK analysis:
$3.17 Break Out opp (not triggered)
$2.87 Target Call (perfect exits)
$2.65 Support Call (several long entries)
recent Impulse Redux (caught recent top)
$2.7 target plotted (perfect roadmap)
Support/Bounce zones (caught recent bottom)
Breakout Zones plot (caught the breakout)
May 2019 support zones (caught all turns)
$1.46 Bottom Call (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.

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コメント:
Oops!
Just realized that the EW wave placement did not make it to live chart.
This is what I was imagining for a possible wave 5 movement:

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コメント:
Bitcoin threw a wrench in the mix with a flash dip, taking all coins with it but LINK recovered the sharpest and with highest amplitude.
Watching the bounce now to see if projections can be made.

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コメント:
Good news and Bad news.
Good news: bounce should continue a little higher.
Bad news: $3.05 resistance has now been re-enforced some more.
The new 4.236 falls in that area, which might end this bounce or at least cause a pullback.

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コメント:
Moment of truth, right up against the blue 4.236
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コメント:
Definitely been noticed
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コメント:
Decent reaction at the 3.618 but was pierced, so will looking at the 3.236 I think...

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コメント:
Looks like bulls want to test that high again. If we do break it, there are still resistance zones nearby if we can break about the 5.236 at $3.0975, then it will have some room above.
But it is better retrace where it "should" before going up higher, to build a support zone to fall back to.

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コメント:
Nice Ping on the 3.236 even if it does not hold, it tells us this fib is still in control, and its energy is of course directed upwards.
So if the 3.236 fails, then we look at the 2.618 next.

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コメント:
Still attaching the 3.05 resistance I think it will break soon.

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コメント:
making another run for it. Need to get past the 4.236 without revisiting the 3.618 below.
The 3.618 support needs to be saved for later, in case of flash crash.
If tested now, it will stand another hit later.

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コメント:
Oh well, my conditions above did not play out Buills tried again to attack the the resistance at 4.236 but failed.
Coming back to the 3.236 again, and probably lower this time...

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