ANALYSIS 🔎
- LUNAUSDT printed a falling wedge pattern.
- A falling wedge pattern is a bullish reversal pattern.
- Price brokeout above the falling wedge's resistance.
- Price action is printing a double bottom pattern.
- This is also bullish reversal pattern.
- The downtrend on the right bottom is resisted by the descending trendline resistance.
- RSI is printing a bullish divergence signal.
- There's a breakout potential.
BUY ENTRY ⬆️
- Aggressive entry : market price.
- Conservative aggressive entry : breakout above the descending trendline resistance.
- Conservative entry : breakout above the neckline resistance.
TARGETS 🎯
- Horizontal resistance level (R1).
- Horizontal resistance level (R2).
SETUP INVALIDATION ❌
- Breakdown below the double bottom horizontal support level (S1).
- LUNAUSDT printed a falling wedge pattern.
- A falling wedge pattern is a bullish reversal pattern.
- Price brokeout above the falling wedge's resistance.
- Price action is printing a double bottom pattern.
- This is also bullish reversal pattern.
- The downtrend on the right bottom is resisted by the descending trendline resistance.
- RSI is printing a bullish divergence signal.
- There's a breakout potential.
BUY ENTRY ⬆️
- Aggressive entry : market price.
- Conservative aggressive entry : breakout above the descending trendline resistance.
- Conservative entry : breakout above the neckline resistance.
TARGETS 🎯
- Horizontal resistance level (R1).
- Horizontal resistance level (R2).
SETUP INVALIDATION ❌
- Breakdown below the double bottom horizontal support level (S1).