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N0ST0PL0SS
Aug 7, 2021 5:01 AM

LUNA// Triangle 

Luna / TetherUSBinance

Description

Man Luna has been moving militant over the past few weeks and is continuing to show strength.
Price has been respecting a long term uptrend line w/ multiple touches being respected. IMO I think LUNA is way overextended and is due for a pull back, however that pullback hasn't happened yet, maybe this is it here.

Regardless, the current pattern is neither bullish nor bearish, all things being equal and looking purely at just the triangle.
The arrows indicate possible scenarios that can happen, given we get a break in either direction. I will still be looking for the short.

Previous Analysis linked.
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