LINK ( 1 top defi)Greetings,
LINK 1st place in the DEFI hype in terms of capitalization level, being in an upward trend. After the breakdown of the triangle in June, the price went up by 270%.
The idea from 20.06 .
At the moment, the tool in the local downtrend, formed a falling wedge pattern. The price has approached the trend of the main uptrend, and the price is unlikely to break the trend down, otherwise the uptrend will be broken and we will see a huge auction of sales, with good potential in shorts.
On the 4-hour chart, a symmetrical triangle pattern has been formed, with a 25% potential, showing a possible trading scenario of a break-down.
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In an uptrend, the potential of the wedge development is about 100%, it does not mean that we have to wait for the final goal, but profit fixation in the development of the uptrend levels.
Always use stop loss, and do not use leverage more than x3.
A trader should always have tomorrow.
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