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ChainLink / TetherUS
Updated

LINK.USD nearby Resistance zones to watch: ChainLink hurdles

417
Quick plot and update to my previous Bigger Picture thoughts (click).
ChainLink fell the least and bounced the most during the last crypto crash.
The bounce looks to have some "Fib Legs" and is paying attention to them.

$ 1.776x is immediate resistance with tight confluence of fibs.
$ 1.86xx is likely resistance unless bulls get some momentum.
$ 1.90xx is very likely a strong resistance and serious hurdle.
Note
Bounced into the "Likely Resistance" zone a few times snapshot looks like Bulls will be able to take this red zone, but lets see.


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Note
Impressive progress. snapshot It is recognizing and reacting to all fibs as expected, while marching upwards. We should see a pullback soon though. Am running Trailing Stops kinda right now, racheting them up one fib at a time once price gets 2 fibs above.
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EuroMotif
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the Golden Ratio is my Religion
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FibonacciSupport and Resistance

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FibonacciSupport and Resistance
EuroMotif
Mod
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag

Related publications

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.