Bullish Divergence shows in 2H TF for LUNA, will it reverse now?
My previous chart is still playing and valid
Now a bullish divergence showed in 2H TF for luna. Broadening Wedge is there but Seems there is a lack of sign of reversal since in Day TF, its CCI/RSI Just went to oversold and can form a valid divergence as well.
The only cons in this chart is the market trend/phase, we have a death cross in moving average. Although in 1D TF, MA50 is still in support.
If Luna will not be affected by BTC sentiment, maybe it will go up again. I suggest that if your not yet into the trade of Luna , wait a little bit for for more signs of bullish. Although this chart is a good sign already.
Please do your own TA and always trade without emotions, use ur wisdom and stop the FOMO attitude . Use this chart as a guide only.
Now a bullish divergence showed in 2H TF for luna. Broadening Wedge is there but Seems there is a lack of sign of reversal since in Day TF, its CCI/RSI Just went to oversold and can form a valid divergence as well.
The only cons in this chart is the market trend/phase, we have a death cross in moving average. Although in 1D TF, MA50 is still in support.
If Luna will not be affected by BTC sentiment, maybe it will go up again. I suggest that if your not yet into the trade of Luna , wait a little bit for for more signs of bullish. Although this chart is a good sign already.
Please do your own TA and always trade without emotions, use ur wisdom and stop the FOMO attitude . Use this chart as a guide only.