Long
Symmetrical Triangle + Cup/Handle
Hello friends,
This triangle formation like the previous inverse h&s on lunbtc has been developing for some time, this to me indicates big money in play over a long period of time
Inside the triangle, after the two bounces on both ends establishing bounds, we now have a cup and handle formation - the cup was recently completed with the last spike, touching the upper limit once again. Handle formation is nearly complete, only awaiting a buy signal on wt cross indicating closure.
Hold strong, breakout should be soon for LUN
This triangle formation like the previous inverse h&s on lunbtc has been developing for some time, this to me indicates big money in play over a long period of time
Inside the triangle, after the two bounces on both ends establishing bounds, we now have a cup and handle formation - the cup was recently completed with the last spike, touching the upper limit once again. Handle formation is nearly complete, only awaiting a buy signal on wt cross indicating closure.
Hold strong, breakout should be soon for LUN
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.