LINK.USD poised for a breakout, possible First Target plotted

ChainLink just keeps on going up and up!
Looks like we are in a "wave 5" final leg.
But first we need to break above resistance.

This is an update to my last Analysis looking for a Break Out. (click).

Previous LINK analysis:
$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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評論:

Trade never triggered because it did not cross the resistance band.
So it seems wave 5 had actually finished at the Green 5.236

the 5.236 is a common wave end point.
Thus my point about needing to break that resistance first, to expect any more upside in this wave.

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評論:

Retrace may be done

the 4.236 peak to 2.236 bottom is the most common retracement for strong trend.
If the purple 2.236 breaks, then the 1.618 is next stop, and that would be a less bullish retrace point.
But if the purple 1.618 breaks, then all bets are off....

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