✴️ Chainlink Classic Falling Wedge Pattern

29 במאי 2023

Ask anybody or everybody around and they will all agree that the falling wedge is one of the most reliable patterns to spot on a chart.

This is a bullish pattern and once you have it well mapped out, it is sure to play-out.

On this LINKUSDT chart we have a falling wedge pattern already breaking bullish, so the breakout has already taken place.

Yesterday we had a full green candle which by itself is a bullish signal but what is more interesting is todays candle, it has a long lower wick and is about to close green.

This tells us that sellers did show up and tried to push prices down but the bulls bought everything back up.

As the candle/session/day closes green we get two additional signals; The RSI closing above 50 and the break as resistance of EMA21 and EMA10.

This is no surprise for us as we've been bullish all along... But having these signals on the chart, inspires me to open up a 10X long.

The rest is for the market to decide...
We will know how it went based on the results.

Many the wins, only a few loss.

Namaste.