LINK.usd Approaching a Major support Fib: a do-or-die moment

As you know, LINK has been falling for some time.
We are now approaching a major Fib that should react.
Will this be the bottom? No idea, but a good place for it.

The fib ratios on the chart are quite unusual, I know.
They are of the "Golden Fib" from last parabolic spike.
See links below under "Related Ideas" for more details.

評論:

Boom!

Fell that Major Fib and bounced

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Zoom IN (1min)

initially pierced it, then came back for a retest.
Maybe it will not look back at this fib again.
But first we need at least one higher fib between the price and this golden fib.

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And that next fib is at $ 8.96 guarding 9 round figure

Really need to hit that fib above, without touching the gold fib below again.

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評論:

Boom!

Near perfect Ping to launch, absolute perfect Ping at first major target

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Zoom IN (15min) with the missing fib added in dashed lines, original still in solid lines

We see PERFECT acknowledgement of each fib and zone.
A good sign for bulls. But that double fib at current top will be tough.
It might take several visits to negotiate safe passage, questing is how far down new fuel can be found.

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