-Chainlink had a perfect accumulation range at the lows that lasted about one and a half years.
-LINK then proceeded to impulsively breakout of said range and began printing a nice 5 wave impulsive structure.
-In this EW count LINK is in the late stages of print a high time frame(HTF) wave 1(W1).
-LINK is in the process of printing the medium time frame(MTF) W5, which would complete the white HTF W1.
-To get the target for green W5 we pull a fib trend from the W1 to the bottom of W4 and get $21 dollars as the 1-1 target.
-To get the time target we do the same fib pull from W1. We have already hit the 1-1 in time, but price still has not finished its more local 5 wave structure. So we look for the 1.5 and 1.618 time which gives a time target of march 3rd-8th
-On the low time frame (LTF) LINK is also printing its W5.
-The 1-1 Fib target for our LTF W5 is also $21. The time target between the 0.618 and 1 gives us March 4th-10th.
-Additional fib confluence. On the Log scale the 0.618 retracement from ATH is also at $21.
-And the -1.618 fib from the initial W1 bounce is also at $21 dollars.
-LINK then proceeded to impulsively breakout of said range and began printing a nice 5 wave impulsive structure.
-In this EW count LINK is in the late stages of print a high time frame(HTF) wave 1(W1).
-To get the target for green W5 we pull a fib trend from the W1 to the bottom of W4 and get $21 dollars as the 1-1 target.
-To get the time target we do the same fib pull from W1. We have already hit the 1-1 in time, but price still has not finished its more local 5 wave structure. So we look for the 1.5 and 1.618 time which gives a time target of march 3rd-8th
-The 1-1 Fib target for our LTF W5 is also $21. The time target between the 0.618 and 1 gives us March 4th-10th.
-And the -1.618 fib from the initial W1 bounce is also at $21 dollars.