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firmestudio
Jan 10, 2023 8:19 PM

LINKUSDT Peaked at this Reversal Zone Short

LINK / USDT Spot Trading PairPhemex

Description

LINKUSDT seems peaked at this Right-Angled Broadening Wedge. I'm using Herif's Harmonic Pattern Projections indicator to show the 5-0 Harmonic structure within the Broadening Wedge. The price action is trading at this Potential Reversal Zone at the top due to a Candlestick Engulfing Bearish on BTCUSDT and a C-D bearish swing-leg can be expected to Volume POC level.

Technicals:

Volume decreasing shows bulls lack of confidence;
Awesome Oscillator on H2 shown bearish Twin Peaks formation;
Fisher Transform on M30 bearishness crossing.

* 5-0 Harmonic Pattern was introduced by Scott Carney
Comments
JoeChampion
Great bias!
firmestudio
@JoeChampion, thanks! I have learned a lot from your forecasts.
SwallowPremium
It was so interesting to read, keep up the good work.
firmestudio
@SwallowPremium, you're welcome. I remember of seeing great posts from you. Glad you like it. Thanks!
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