LINK / BTC Secondary trend. Falling wedge

25 Mar 2021

A falling wedge has formed in the secondary trend. The price is near an uptrend main trend. A breakout of the wedge resistance will reverse this local downtrend. To understand where the price is in the main trend and the logic of work, see my previous trading ideas and work updates (price movement development).

Coin in question: Chainlink (LINK)

1 Nis 2021

Not

13 Nis 2021

Not

+ 28% from the specified reversal zone. Breakout, retracement after breakout, a Ross Hook has formed.

21 Nis 2021

Not

+ 40% since last update. + 25% + 40% the trend is developing. The price is in a local uptrend.

9 May 2021

Not

+103%