bitcorns-trader

Lots of bullish arguments happening on the 4 hour chart

Long
KUCOIN:LUNCUSDC   Terra Classic / USD Coin
After the bullish run we are not having what seems to be a bullish consolidation happening on the 4 hour. First we have the bull pennant formed. The supply line of that said bull pennant just so happens to be the breakout line of a bullish dragon. When ever dragons appear you more than likely will find a harmonic pattern. In the case of Luna Classic we have a gartley harmonic pattern showing if the dragon and bull pennant breaks to the upside. Also we have a bearish 3 line strike that just appeared on the last candle close. For those that don't know the 3 line strike pattern is a reversal pattern, so a bearish one actually means its going to be a bullish reversal. The RSI and MACD are both showing hidden bullish divergence. Which calls for a continuation to the upside.