LUNCUSDT Channel Up since June. Pull-back or break-out?

Terra Luna Classic (LUNCUSDT) has been trading within a Channel Up since the June 09 Low and at the moment it is very close to its top (Higher Highs trend-line). Technically and with the 4H RSI overbought on the same level as June 27, it is very likely to have a pull-back towards first the 4H MA50 (blue trend-line) and then the 4H MA200 (orange trend-line) before settling near its bottom (Higher Lows trend-line).

A closing above the Higher Highs trend-line though, can see a sharp bullish break-out to the 1.5 Fibonacci extension level.



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