We are getting near the lower boundary of the descending channel. I am seeing a perfect bear exhaustion as RSI is showing a bullish divergence. We are going to see another pull back to 70s before the final fall towards the ultimate target of Head and Shoulders, that lies in 30s-20s. For the time being I have closed my short trade with a big win margin and for now,...
After completing Head and Shoulder pattern, LUNA is making a bear pennant below the neckline. The target of pennant is in 30s. LUNA seems like going to face another wild ride.
BTC forming a rising wedge after downtrend. This is a continuation pattern that might lead to further decline up to 29k levels. Also bearish divergence (slight) being observed in 1h chart.
LUNA looks like getting in a perfect shape for a short trade. Rejection from 1d descending channel as well as the 2nd shoulder in completion phase in 1d time frame.
Also I see a lower high in the making. DYOR, of course. Also I would welcome productive comments. Thanks.
