LINK.USD approaching near-term "Top" ? Fibs Band 4 WaveEnd?
Quick plot to see if this wave comes to a pause soon.
4.236 fib is the most common end of an Impulsive wave.
4.618 fib is next common, so lets see what happens there.
As mentioned in my previous ChainLink ideas, it has shown strength throughout.
It fell least in the last flash crash, and it recovered the most and earliest bouncer.
Per my most recent analysis (click) it has passed some heavy resistances.
Of course it "should" pullback at "some" point.
IF it does, it should happen at one of the fibs.
If band 4 is taken, then the 5.236 is next barrier.
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4.236 fib is the most common end of an Impulsive wave.
4.618 fib is next common, so lets see what happens there.
As mentioned in my previous ChainLink ideas, it has shown strength throughout.
It fell least in the last flash crash, and it recovered the most and earliest bouncer.
Per my most recent analysis (click) it has passed some heavy resistances.
Of course it "should" pullback at "some" point.
IF it does, it should happen at one of the fibs.
If band 4 is taken, then the 5.236 is next barrier.
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Comment:
LINK got past Band 4, and as mentioned it has hit/stalled at the 5.236
(I went green with same fib rather than original blue, only because it will be time to draw red fib soon, going down....
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