LINK.USD at first possible Support: ChainLink retrace Watch

26 Eki 2019

ChainLink, along with entire market, is now into correction mode.
Recently LINK has been the "Canary in Coalmine" with early warnings.
It has cut through a couple supports, but is now on a strong ledge.

$ 2.66xxx is immediate support, and possible end of wave A of ABC to come.
$ 2.59/60 is the next support below, a wide and diffuse zone of energy.
$2.55/56 should cause a strong bounce, and would be a juicy long entry.

$2.5000 is Bulls Last Stand, they do NOT want to have to test it.

Previous LINK analysis click):
LNK at Impulse Redux (caught a recent top)
LINK $2.7 target plotted (perfect roadmap)
LINK Support/Bounce zones (caught recent bottom)
LINK Breakout Zones plot (caught the breakout)
LINK May 2019 support zones (caught all turns)
LINK $1.46 Bottom Call (caught exact bottom)

26 Eki 2019

Not

Bounce looking decent, but needs to get past $2.75 and confirm it as support

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26 Eki 2019

Not

Zoomed way in, notice the exact bounce on the red fib below, and then the very close interaction with the red zone now

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27 Eki 2019

Not

Update posted in new Idea (click):

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