LINK.usd at Support Cluster but Low Ceiling: ChainLink bounce ?

2019年12月12日

Link is at an important support, a tight cluster of Fibs.
It has just bounced with a "Ping" at the lower boundary.
Such a Ping (exact reflection) is often the start of a Turn.

Alas, there is resistance nearby but should be only a first test.
If rejected or falls through, then look for the supports below.
If breaks above red zone, it will be a Add-on-Dips mode for me.

Previous LINK analysis:
Early Correction Estimate(still in play)
Retrace Bounce Scalps (quick easy pips)
$3.17 Break Out opp (not triggered)
$2.87 Target Call (perfect exits)
$2.65 Support Call (several long entries)
$2.71 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.

2019年12月12日

註釋

Retest and GO ?

Looks like a successful retest and has surpassed the nearest other fib (Blue 5.382).

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