LUNCUSDT Channel Up since June. Pull-back or break-out?
Terra Luna Classic (LUNCUSDT) has been trading within a Channel Up since the June 09 Low and at the moment it is very close to its top (Higher Highs trend-line). Technically and with the 4H RSI overbought on the same level as June 27, it is very likely to have a pull-back towards first the 4H MA50 (blue trend-line) and then the 4H MA200 (orange trend-line) before settling near its bottom (Higher Lows trend-line).
A closing above the Higher Highs trend-line though, can see a sharp bullish break-out to the 1.5 Fibonacci extension level.
--------------------------------------------------------------------------------------------------------
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------
A closing above the Higher Highs trend-line though, can see a sharp bullish break-out to the 1.5 Fibonacci extension level.
--------------------------------------------------------------------------------------------------------
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------
👑Best Signals (Forex/Crypto+70% accuracy) & Account Management (+20% profit/month on 10k accounts)
💰Free Channel t.me/tradingshotglobal
🤵Contact info@tradingshot.com t.me/tradingshot
🔥New service: next X100 crypto GEMS!
💰Free Channel t.me/tradingshotglobal
🤵Contact info@tradingshot.com t.me/tradingshot
🔥New service: next X100 crypto GEMS!
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.