WLUNA LUNC Luna classic symmetrical triangle
I am using wrapped Luna data from Coinbase because it is the most consistent and did not suffer the meddling of the airdrop.
We can see a symmetrical triangle forming and currently price is at the triangle support. The RSI is in an uptrend after printing bullish divergences. The CCI is breaking it's downward trendline.
A small inverted head and shoulder has formed. I am targeting the 1.276 of the fib extension congruent with the triangle resistance. A breakout of the triangle has a measured move to 0.00042 at the 3.618 of the fib extension.
We can see a symmetrical triangle forming and currently price is at the triangle support. The RSI is in an uptrend after printing bullish divergences. The CCI is breaking it's downward trendline.
A small inverted head and shoulder has formed. I am targeting the 1.276 of the fib extension congruent with the triangle resistance. A breakout of the triangle has a measured move to 0.00042 at the 3.618 of the fib extension.
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