LUNA: 2HR Inverse Head and Shoulders for a potential LONG

2 Feb 2022

LUNA: Trading at 49.31 at press time. The 2HR chart has a potential Inverse H&S pattern forming with the right shoulder coming in at the 50% retracement of the last bull run at 48.82. With this currency consolidating price at the 200EMA on the Day chart, this may be a potential low forming for LUNA to become a lead bull. If a candle formation appears at the 48.84 level, the Inverse H&S may be validated.