A falling wedge pattern is a bullish reversal pattern that forms when the price of an asset is trending downward, and the highs and lows are both decreasing. This pattern is often seen as a sign of a potential reversal in the trend, as it indicates that the selling pressure is weakening.
If the price of Luna breaks out of the falling wedge pattern, it could be a strong bullish signal, and we might see a rally towards $1 or even higher
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.