LINKUSDT Update on Fibonacci
This is simply a small update to the idea I posted on Jan 30 2021 (Titled LINKUSDT Mid to Long Term Fibonacci Targets)
The small resistances we are currently meeting (instead of directly moving to 40USD) are actually the 1.272 and 1.414 levels on the Fibonacci as shown.
1.272 level = 31.8 USDT
1.414 level = 34.58 USDT
Closer look on screenshot below where we hit the levels before slightly pulling back and then continuing higher.
The next target will be the 1.618 level, ranging from 38.5 to 41.2 USDT.
I would expect us to meet more resistance at this level but we'll see.
The small resistances we are currently meeting (instead of directly moving to 40USD) are actually the 1.272 and 1.414 levels on the Fibonacci as shown.
1.272 level = 31.8 USDT
1.414 level = 34.58 USDT
Closer look on screenshot below where we hit the levels before slightly pulling back and then continuing higher.
The next target will be the 1.618 level, ranging from 38.5 to 41.2 USDT.
I would expect us to meet more resistance at this level but we'll see.
Note
Looks like we pulled back for a retest of the 1.0 Fib level at the 26.6-28.26 USDT range. This is a healthy correction in my opinion for us to continue higher later.
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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.