Quick plot and update to my previous Bigger Picture thoughts (click). ChainLink fell the least and bounced the most during the last crypto crash. The bounce looks to have some "Fib Legs" and is paying attention to them.
$ 1.776x is immediate resistance with tight confluence of fibs. $ 1.86xx is likely resistance unless bulls get some momentum. $ 1.90xx is very likely a strong resistance and serious hurdle.
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Bounced into the "Likely Resistance" zone a few times looks like Bulls will be able to take this red zone, but lets see.
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Impressive progress. It is recognizing and reacting to all fibs as expected, while marching upwards. We should see a pullback soon though. Am running Trailing Stops kinda right now, racheting them up one fib at a time once price gets 2 fibs above. .