Luna Bullish Breakout & Signals Explained!

23 Nov 2020

I am looking at LUNABTC.

Here is a closeup of multiple bullish signals:

Please allow me to describe those for you in short details... Feel free to hit LIKE to show your support.

• 1) We have prices moving above EMA21. This means that the bulls are now in the game.
  
• 2) High volume. Supports whatever is currently happening. High volume on bullish action, supports the bullish move.
  
• 3) We have a reversal candle. This candle signals a change of trend.
  
• 4) The down trendline here is also part of a falling wedge. Moving above this line is a bullish signal.
  

There is more when you look at the indicators and the current action taking place today.

LUNABTC is now bullish and can continue to move up for several weeks or multiple days before a retrace.

As prices go up, they move down a little, consolidate, and then another jump.

Nothing moves up or down in a straight line, so be open to seeing prices swing up and down.

What "keeps" the trend bullish, is when you see higher highs and higher lows.

On the contrary, we would say the market is bearish if we see lower highs and lower lows.

Thanks a lot for your continued support.

Namaste.