ðĨ LUNA Bull-Flag: Potential New All Time High
LUNA has seen some massive gains over the last couple of weeks. However, since some days LUNA has been trading a bit bearish.
As seen on the chart, the period of consolidation could very well end up as a bull-flag pattern, which is classically a bullish continuation pattern.
The safest way to trade this pattern would be to wait for a new higher high to be made. Target would be the current all time high around $104.
Be aware that we can still fall further, so wait for the price to break out and confirm the bullish trend.
Happy trading!
As seen on the chart, the period of consolidation could very well end up as a bull-flag pattern, which is classically a bullish continuation pattern.
The safest way to trade this pattern would be to wait for a new higher high to be made. Target would be the current all time high around $104.
Be aware that we can still fall further, so wait for the price to break out and confirm the bullish trend.
Happy trading!
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