Descending Wedge - LUNC/USDT- 4h Kucoin
Potential "descending wedge" or "bull flag" on the 4h for Terra Luna Classic (USDT).
Bullish divergence on the Stoch RSI + nearing oversold. Same on MACD 4h. Oversold on the daily Stoch RSI.
Probably good to wait for price action above the upper bounds of the pattern.
Manage your own risk appropriately (stop losses).
If it breaks this suggested pattern and falls to the downside, I would expect price approx. <= 0.00016000, as that area was never really retested.
NFA.
Bullish divergence on the Stoch RSI + nearing oversold. Same on MACD 4h. Oversold on the daily Stoch RSI.
Probably good to wait for price action above the upper bounds of the pattern.
Manage your own risk appropriately (stop losses).
If it breaks this suggested pattern and falls to the downside, I would expect price approx. <= 0.00016000, as that area was never really retested.
NFA.
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.