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bitcorns-trader
Sep 5, 2022 2:20 AM

Lots of bullish arguments happening on the 4 hour chart Long

Terra Classic / USD CoinKuCoin

Description

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.
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