This RSI Level Is Proven To Be One Of The Most powerful Buying Signals For Terra Classic (LUNC)

By moon333 | moon333 | 18 Jun 2022


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

In an hourly time frame, Terra classic has broken out the resistance of the channel but could not start a rally so far. The first reason is that there is a very low volume.

TradingView Chart

 

And the major reason is that on a 4-hr time frame RSI is still under 50 level, and the previous history shows that whenever RSI on 4-hr crosses up this level then LUNC starts the bullish move, but unfortunately RSI could not continue the move up to overbought zone by far even after crossing the 50 levels.

TradingView Chart

For 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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