* Luna is in a clear uptrend forming higher-highs and higher-lows on a parallel channel which is working as a support for the price.
* Currently the price is consolidating in a Falling wedge between two trend-lines.
* RSI bullish divergence also appeared in Luna, RSI divergence occurs when there is no longer the same momentum between the price and the RSI indicator.
* If it breaks the upper trend-line of the pattern we can see a bullish move till $48.
* Currently the price is consolidating in a Falling wedge between two trend-lines.
* RSI bullish divergence also appeared in Luna, RSI divergence occurs when there is no longer the same momentum between the price and the RSI indicator.
* If it breaks the upper trend-line of the pattern we can see a bullish move till $48.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.