Short
LUNc hype over?
RSI in combination with the rising wedge structure gives confluence about the Idea that the price action is forming a local top.
Yesterday price broke already down and created a structure break on the hourly timeframe.
If price makes a lower high hier, price should visit the 0.618 fib lvl.
Yesterday price broke already down and created a structure break on the hourly timeframe.
If price makes a lower high hier, price should visit the 0.618 fib lvl.
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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.