Forming above long term support line in purple, still a bad sign. Not amped about this setup for lumens.. usually a bearish continuation pattern. Time to announce that market maker.
I hear you on the Market Maker announcement. It sure would be a nice time. But I see a descending triangle/wedge/pennant with a double bottom, which are generally more bullish than bearish, especially when it breaks to the upside out of the pattern. FUD has a way of distorting the view. To me it's a great buying opportunity at least in part, especially when it swings down near the lows to attempt to test the bottom, and especially once it breaks the top side of the triangle. There is strong support around .40 and it is dipping again. Just my take ATM. All the best luck trading