link final corrective wave E is finishing up around 10.50-11$
Link is forming it's final corrective wave E. Strong support around 10.50-11$ area.
10.50$ is the wave C fibonacci extension .618
On the last correction 9.80$ held support, it should hold support this time as well. Hard to believe we can get cheaper link than 10-11$ in like ever again.
If this support does fail then the area that link should turn around is 9.70$
No way it can go lower than that unless some fundamental insane event sparks concerns on a macro level.
10.50$ is the wave C fibonacci extension .618
On the last correction 9.80$ held support, it should hold support this time as well. Hard to believe we can get cheaper link than 10-11$ in like ever again.
If this support does fail then the area that link should turn around is 9.70$
No way it can go lower than that unless some fundamental insane event sparks concerns on a macro level.
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.