Luna Starts To Look Up (How Does It All Works?)

3 Okt 2020

The bias on the chart above can be seen clearly...
Prices continue to aim higher.

The market moves in cycles...
The pairs move in cycles/waves...

We always have up and down, up and down...
In between cycles, we have consolidation and distribution periods.

After the strong bullish wave that took place for LUNABTC, we have a classic strong correction... This is where beginners get scared and think the pair is done.

But if you look at it closer, you can clearly notice higher highs and higher lows.

When you get HHs and HLs, this signals that the bullish trend is still on (uptrend), so we can expect additional growth.

We can wait patiently for the next jump.

Only if prices print lower highs and lower lows, we can expect for things to go wrong.

As the chart looks now... The Luna bulls are in full control.

Namaste.