Greetings LUNAtics. LUNA’s price action is forming a bullish falling wedge in an uptrend on the 1h/4h/d timeframes. The end of the consolidation phase is near. If the price breaks out from the descending wedge, LUNA can resume the larger uptrend.
We require confirmation by a daily close above the wedge. You can enter as soon as the close occurs or wait for a potential pull back for the price action to retest the broken resistance.
A stop loss can be placed below the recent swing low or even below the wedge itself.
-If you agree with this, like and share.
Cheers.
We require confirmation by a daily close above the wedge. You can enter as soon as the close occurs or wait for a potential pull back for the price action to retest the broken resistance.
A stop loss can be placed below the recent swing low or even below the wedge itself.
-If you agree with this, like and share.
Cheers.
Comment:
For your information. Consolidation may take up to a week or so, because the Columbus-5 mainnet deployment will take place roughly between 9/29 at 20:30 PST and 9/30 at 03:30 UTC, 9/30 at 12:30 KST.
Order cancelled:
BTC threw a spanner in the works. Idea invalid.
