Personally I love Lunyr it looks like a decentralized Wikipedia with more incentives. If lunyr can break upwards out of the symm triangle its potentially forming it will stay in the channel and if it holds I'm thinking Lunyr can really have the chance to take off. The main indicator I'm watching is the MACD as it is shooting upwards giving great signs.
One bearish case that cannot be ignored is the 50/100 moving average cross
That is why it is important in this case to get out if lunyr goes south or prepare to baghold if it crosses and prices begin to continue to dip and you dont follow risk management. Everytime the 50 and 100 MA cross bad things happen.
BTC CHARTS
Bullish Scenario
Bearish Scenario
Conclusion
When it comes down to it look for the path of least resistance. The Volume profile looks like Lunyr has great support beneath the current price so im thinking the path of least resistance is up unless the 50/100 cross and doesnt cross back asap. What makes lunyr so appealing is it a small cap token with a marketcap fo only 28million atm so a large pump vs bitcoin is not out of the question. Hope this has helped or shown you something that has helped thanks!
This is not financial advice! Just my persona journal blog as I learn. Thanks!
One bearish case that cannot be ignored is the 50/100 moving average cross
That is why it is important in this case to get out if lunyr goes south or prepare to baghold if it crosses and prices begin to continue to dip and you dont follow risk management. Everytime the 50 and 100 MA cross bad things happen.
BTC CHARTS
Bullish Scenario
Bearish Scenario
Conclusion
When it comes down to it look for the path of least resistance. The Volume profile looks like Lunyr has great support beneath the current price so im thinking the path of least resistance is up unless the 50/100 cross and doesnt cross back asap. What makes lunyr so appealing is it a small cap token with a marketcap fo only 28million atm so a large pump vs bitcoin is not out of the question. Hope this has helped or shown you something that has helped thanks!
This is not financial advice! Just my persona journal blog as I learn. Thanks!