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EuroMotif
19 Okt 2019 pukul 11.15

LINK.USD near term Support Resistance Zones: Chainlink trapped ? 

ChainLink / TetherUSBinance

Deskripsi

Update to my
.

Link has been behaving a very logical manner since topping.
It has been respecting Supports and Resistances precislely.
Now it has built up layers of energy, is break out imminent?

.

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Komentar

Hit the "Immediate Resistance" and pulled back
The bounce thus far looks purely "corrective" and not showing any signs of an "Impulsive" move.
Thus I expect a move down to test some of the supports below.

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Komentar

So much for "corrective", we just pierced the "immediate Resistance"
Perhaps a retest and then attack on the thick resistance above.

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Komentar

Here we are into the thick of resistance, and looks to be slicing through it pretty easily
but that green 5.236 is a possible wave endpoint, so watching closely here.

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Komentar

LINK just keeps on going. BUT heads up on the 9.618 coming up
We may just blow through it, but if this extended wave WERE to end, that would be a GOOD spot to do so....

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Komentar

Punched right thru the 9.618
But was that a "blow off top"?
Hard to say with Link being so vicious Bull!

Komentar

Bit of a pullback from the 9.618 blow off top
Now expecting retrace to the 5.618, which happens to be around the nice round $2.50 figure....

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Komentar
RTurner090
Where is the 9.618?
EuroMotif
@RTurner090, hehe, funny you should ask, was just asking myself the same q :)
And here it is
RTurner090
@EuroMotif, :)
Thank you.
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