LINK Update - We headed to $10+ soon?

Good morning Everyone -

I wanted to offer a different perspective this week for LINK against the USD.

I rarely use Fib Circles because you can easily create any confirmation bias you want as the circle can be manipulated how you see it. I am generally not a fan of these styles of indicators.

That said, I went ahead and applied a Fib Circle that covers the massive breakout we saw from $6 to $8.90 and back down again to major local support.

If we can Ryan Seacrest back up past $7.50 and lock in 2 consecutive 1D closes above, then we should be forging to $10 in the near future (4 to 5 weeks maximum).

We saw a lot of buy in and minimal sell-side pressure when we blew past $7. The bulls are still in control here.