***No financial advice, only intended for personal educational purposes***
This is a daily chart for $LUNABTC. We can clearly see the Parabolic Curve pattern (PC) and 5 bases. I've named the lowest and the one on top of that one 1.1 and 1.2 because they average where b1 has been usually observed to target the .236 fib.
This is another example of the PCT respecting the fibs with only that previous deviation to note, besides what somebody could clame to be a base 5 just before crowning the curve.
It is actually correcting and losing momentum with an oversold RSI and bearish MACD, low volume too.
Kumo cloud is dense and price level will have a hard time crossing it down for a bearish reversal.
Tenkan and Kijun sen lines are in an upper resistance position and Chikou span still at a fair distance.
All in all I think this is soon to break the dotted yellow upper trendline I drew on the chart.
This is a daily chart for $LUNABTC. We can clearly see the Parabolic Curve pattern (PC) and 5 bases. I've named the lowest and the one on top of that one 1.1 and 1.2 because they average where b1 has been usually observed to target the .236 fib.
This is another example of the PCT respecting the fibs with only that previous deviation to note, besides what somebody could clame to be a base 5 just before crowning the curve.
It is actually correcting and losing momentum with an oversold RSI and bearish MACD, low volume too.
Kumo cloud is dense and price level will have a hard time crossing it down for a bearish reversal.
Tenkan and Kijun sen lines are in an upper resistance position and Chikou span still at a fair distance.
All in all I think this is soon to break the dotted yellow upper trendline I drew on the chart.
Trade active:
Dotted yellow line broke out 4 days after I published this idea. We now have a huge bullish candle inside the Kumo Cloud. I will be entering a trade if we get a bullish candle close on the daily.
