firmestudio

LINKUSDT Peaked at this Reversal Zone

Short
PHEMEX:LINKUSDT   LINK / USDT Spot Trading Pair
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

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