Luna Starts To Look Up (How Does It All Works?)
The bias on the chart above can be seen clearly...
Prices continue to aim higher.
The market moves in cycles...
The pairs move in cycles/waves...
We always have up and down, up and down...
In between cycles, we have consolidation and distribution periods.
After the strong bullish wave that took place for LUNABTC, we have a classic strong correction... This is where beginners get scared and think the pair is done.
But if you look at it closer, you can clearly notice higher highs and higher lows.
When you get HHs and HLs, this signals that the bullish trend is still on (uptrend), so we can expect additional growth.
We can wait patiently for the next jump.
Only if prices print lower highs and lower lows, we can expect for things to go wrong.
As the chart looks now... The Luna bulls are in full control.
Namaste.
Prices continue to aim higher.
The market moves in cycles...
The pairs move in cycles/waves...
We always have up and down, up and down...
In between cycles, we have consolidation and distribution periods.
After the strong bullish wave that took place for LUNABTC, we have a classic strong correction... This is where beginners get scared and think the pair is done.
But if you look at it closer, you can clearly notice higher highs and higher lows.
When you get HHs and HLs, this signals that the bullish trend is still on (uptrend), so we can expect additional growth.
We can wait patiently for the next jump.
Only if prices print lower highs and lower lows, we can expect for things to go wrong.
As the chart looks now... The Luna bulls are in full control.
Namaste.
🔝 Daily Cryptocurrency Technical Analysis
followalan.com
🔥 PREMIUM Trade-Numbers (6-In-1 Offer Now Live!)
lamatrades.com (Since 2017)
🚨 Free PREMIUM Trade-Numbers
alansantanatrades.com
followalan.com
🔥 PREMIUM Trade-Numbers (6-In-1 Offer Now Live!)
lamatrades.com (Since 2017)
🚨 Free PREMIUM Trade-Numbers
alansantanatrades.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.