Man Luna has been moving militant over the past few weeks and is continuing to show strength.
Price has been respecting a long term uptrend line w/ multiple touches being respected. IMO I think LUNA is way overextended and is due for a pull back, however that pullback hasn't happened yet, maybe this is it here.
Regardless, the current pattern is neither bullish nor bearish, all things being equal and looking purely at just the triangle.
The arrows indicate possible scenarios that can happen, given we get a break in either direction. I will still be looking for the short.
Previous Analysis linked.
Price has been respecting a long term uptrend line w/ multiple touches being respected. IMO I think LUNA is way overextended and is due for a pull back, however that pullback hasn't happened yet, maybe this is it here.
Regardless, the current pattern is neither bullish nor bearish, all things being equal and looking purely at just the triangle.
The arrows indicate possible scenarios that can happen, given we get a break in either direction. I will still be looking for the short.
Previous Analysis linked.
These analyses are my personal view on the market.
Always assume my investment risk tolerance is higher than yours
I’m here to make money, not hold your hand. Never blindly trust any analysis you see online because it fits your bias (including mine).
Always assume my investment risk tolerance is higher than yours
I’m here to make money, not hold your hand. Never blindly trust any analysis you see online because it fits your bias (including mine).
