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.
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.
For detailed analysis, you can watch the video.
For detailed analysis, you can watch
the video.
For best trading deals/bonuses you can signup to Bitget using my referral:
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You can also support my work at Patreon for more ideas:
https://www.patreon.com/moon333
To check the Patreon trade success testimony, you can watch this pinned post:
https://www.patreon.com/posts/63774800
In order to play and watch the current performance of the chart you need at least a free account on tradingview:
https://www.tradingview.com/gopro/?share_your_love=moon333
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Link for Binance exchange, to trade crypto:
https://www.binance.com/?ref=11256882
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
▶️ 3Speak
