LINK.USD at first possible Support: ChainLink retrace Watch

2019年10月26日

ChainLink, along with entire market, is now into correction mode.
Recently LINK has been the "Canary in Coalmine" with early warnings.
It has cut through a couple supports, but is now on a strong ledge.

$ 2.66xxx is immediate support, and possible end of wave A of ABC to come.
$ 2.59/60 is the next support below, a wide and diffuse zone of energy.
$2.55/56 should cause a strong bounce, and would be a juicy long entry.

$2.5000 is Bulls Last Stand, they do NOT want to have to test it.

Previous LINK analysis click):
LNK at Impulse Redux (caught a recent top)
LINK $2.7 target plotted (perfect roadmap)
LINK Support/Bounce zones (caught recent bottom)
LINK Breakout Zones plot (caught the breakout)
LINK May 2019 support zones (caught all turns)
LINK $1.46 Bottom Call (caught exact bottom)

2019年10月26日

註釋

Bounce looking decent, but needs to get past $2.75 and confirm it as support

.

2019年10月26日

註釋

Zoomed way in, notice the exact bounce on the red fib below, and then the very close interaction with the red zone now

.

2019年10月27日

註釋

Update posted in new Idea (click):

.