This is a very textbook pattern, but LUNA is a crazy coin at the moment, so let's hope it follows the textbook play. Which means on the break of this pattern it rises up sharply.
Chances are it can go down completely because this is LUNA after all.
Check previous chart below. The previous has those red and blue lines from before.

Chances are it can go down completely because this is LUNA after all.
Check previous chart below. The previous has those red and blue lines from before.

Note
REMEMBER : DO NOT OPEN TRADE UNTIL THE WEDGE IS BROKEN! AND THE PRICE GOES ABOVE ITNote
Continued bullish flag break, more bullish action for the weekNote
Bullish Inverse H&S forming. Pump coming very soonRelated publications
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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.