Hey guys. Decided to make a quick chart for LUNA. It is currently at the top of a bullish ascending triangle pattern.
The MACD is in a good position however there IS some room for downside I'd say.
The 4HR RSI is looking strong with a bounce off of the "50" level which MIGHT just give LUNA a good chance to break out to the upside out of this triangle.
Whether the price breaks UP or DOWN from this TRIANGLE, I would expect a RETEST.
What do you guys think?
*This is NOT financial advice. This is just an IDEA and SPECULATION based off of my experience. Always do your own research before investing*
The MACD is in a good position however there IS some room for downside I'd say.
The 4HR RSI is looking strong with a bounce off of the "50" level which MIGHT just give LUNA a good chance to break out to the upside out of this triangle.
Whether the price breaks UP or DOWN from this TRIANGLE, I would expect a RETEST.
What do you guys think?
*This is NOT financial advice. This is just an IDEA and SPECULATION based off of my experience. Always do your own research before investing*
