There are two possible results to this range area and for a powerful bullish move from right here luna doesn't have enough power but if the price goes to the lowest part of the ascending channel it will find the liquidity for sharp movements.
It's pure price action and easy to understand.
Disclaimer: It's not a signal it's an idea, open positions by your own...
After breaking below a rising wedge, the volume to the downside died off and the bulls have re-entered with volume. The price has already broken through the 30.70 short-term resistance, but has had a little bit of a throwback. If the price breaks above 31 with volume, that would be a great long signal imo. My target is the 1.272 log fib, which is at 36.01
