Lunyr bounce $lun #lun

By solidgold

Updated

Lunyr bounced off ichi cloud and previous support around 5k sats https://www.tradingview.com/x/KJStUJKL/

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Riding the lower B.B. on 4hr and hourly as the bands tighten. Daily we seem to be bouncing off middle BB

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Blood bath after btc & eth falling. Lunyr riding this Bearish descending channel testing ichi cloud and middle BB on daily

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4hr similar descending channel riding lower BB

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Hourly channel bouncing on support

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Finding support at 50ema on the daily

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Trying to retest 200ema resistance on 4hr

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A close above 200ema on 4hr would be good for the bulls.

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20ema crossed bullishly through 50ema creating a golden cross on daily

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Did lunyr break out of a falling wedge ?

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We also see resistance at middle BB

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Retested ichi cloud and now a doji star and bullish harami daily candle

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Hourly crossed 50ema and testing shoulder line of inverse H&S

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Broke through and retesting

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Two 4hour candles have closed above the 50ema

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We see a bul flag on 4hr. Traditionally would target flag pole length up if pattern plays out. These are just my ideas and not financial advice.

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Retesting 50ema on 4hr. Finding upper BB as resistance on 1hr

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4hr candle closed below 50ema

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Will we see three rising valleys ?

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Also retesting 50ema

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Possible three rising valleys however if 50ema rejects we could see a H&S pattern ?

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Neckline of H&S or support

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Thoughts?

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A candle close below this neckline would be trouble for the bulls where a bounce would confirm support

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50ema retest on daily

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solidgold

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