ChartmanChris

LINK & the broadening rising wedge channel reversal pattern

BYBIT:LINKUSDT.P   LINKUSDT Perpetual Contract
LINK after a strong 2 weeks is starting to top out and needs a D HL to continue.
I scaled oit yesterday of most my remaining position and am now playing H OS for a D hl but
careful and with stops as i prefer 4h OS for W timeframe trades and LINK is looking
for a W LH.

this is a DISTRO subtype pattern a broadening rising wedge channel.
you also find them as falling wedge types.

Learn these pattern to help guide your decisions and make better trades.


I posted this xyesterday in my private room :

LINK H rising broadening wedge reversal pattern . LINK needs a D HL eventually. still riding 4h Ema but would not be surprised if we see D cons soon.

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.