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Terra Classic (LUNC) Is Ready To Break Another Triangle Within Next Few Hours

Terra Classic (LUNC) Is Ready To Break Another Triangle Within Next Few Hours

 

Hi, friends hope you are well and welcome to the new update on LUNC.

 

RSI is gaining momentum:

In a 4-hr time frame, LUNC has already broken out a down channel and a triangle. Now the Relative Strength Index has moved above the 50 level, which is showing that it is now gaining bullish momentum.

TradingView Chart

 

Ascending triangle:

On an hourly time frame, the Terra classic has formed an ascending triangle. The triangle is getting squeezed, which is indicating to a breakout or breakdown soon. As RSI has crossed up the 50 value, therefore, the probability for the break out is high.

TradingView Chart

For a detailed analysis, you can watch the video.

 

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moon333
moon333

Hi, My name is Atif Akbar and I am a trader and trading charts author


moon333
moon333

Hi my name is Atif Akbar and i am trading charts author of different assets like crypto, forex, commodities, CFDs Stocks e.t.c.

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