Link has been the strongest coin bar none, blowing through resistance zones. Now it has returned to the Impulse which defined the drop (along with btc). If bulls cant break through the Impulse Core, look for support at green zones.
There look top have been "3 drives" to this recovery. Each of those waves had distinct fib ratio movements. Retrace depth depends which waves collapse (or not).
$ 2.25/27 is immediate support, very strong bull if holds. $ 2.02/04 might be best support to look for long entries. $1.91/92 will be Bull's Last Stand, with uptrend in danger.
.
See some of my other plots and trade calls below. I also plot Forex and Stocks, take a look at my profile page.
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.
.
評論
Looking at just one fib from this bounce: Certainly implies local top. 5.618 rejection earlier, and now the 5.236 rejecting (next fib down). If it crosses below the 4.618 now, then odds are almost certain it has topped.
評論
Wow, bulls have managed to bounce and attack the Impulse Core lets see if they can take this red zone now