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.

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