Looks like Luna Classic could potentially be gearing up for a breakout on the Eve portion of the pattern. met with a descending wedge on the daily.
Comment:
Look like the Adam and Eve has failed- but we are still in this Macro Wedge. Looking to see us find support no lower than the lower green line.
Comment:
I'd say this is a last stand for anything bullish on Luna in this Green buy zone. I would not want to see anything lower than this - as it was the last low before we had seen an influx of volume to meet our previous major/macro high. With the Luna Upgrade being a success and most likely more burns in the future, i would hope to see us find support in this zone. although my TA was a failed Adam and Eve, as well as a falling wedge pattern, be sure to do your own research before trade. as always. NFA