EuroMotif

LINK.usd at Resistance now, but "Wave 5" still in on the Table

BINANCE:LINKUSDT   ChainLink / TetherUS
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Between mod duties and my own trades it is not easy to post.
Part of my ongoing analysis of ChainLink movements (links below).

Since my last post, Link pulled back a little deeper than expected.
But even then it bounced with a clean Ping on a predrawn fib line.
That bounce gave me an updated road map of the possible wave 5.

Of course, all depends on BTC which also looks ready for bounce.
The immediate resistance above is also first invalidation zone.
We can expect a small pullback here, but it must be a small.

$ 4.2078/2579 is current resistance and possible failure point.
$ 5.0620/0953 is the minimum expected target for wave 5.
$ 5.6470/6900 is the maximum expected for a strong wave 5.

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Previous LINK analysis (click links below):
$3.75 Tragetted (underestimated)
$3.12 Targetted (conservative, safe)
$2.65 Key Support (important forever)
$2.9 Last Resistance (break out call)
$1.70 Bounce Plot (perfect Ping)
$3.17 Break Out opp (not triggered)
$2.87 Target Call (perfect exits)
$2.65 Support Call (several long entries)
$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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