Hello everyone,
If we take a close look at the 4H LUNAUSDT chart, we can see that after a long bullish, about 3/4 of the cup formation has been completed.
Price's target after horizontal resistance (90.30) which must break will be around 103.69 which will complete the cup.
The next process is difficult to predict, but there may be hope for the handle to be completed.
If my prediction goes right and the cup is completed, I will update my position and expectations.
And of course, one of the key points is the 83.81 horizontal support line is the current stop-loss point.
Best regards
If we take a close look at the 4H LUNAUSDT chart, we can see that after a long bullish, about 3/4 of the cup formation has been completed.
Price's target after horizontal resistance (90.30) which must break will be around 103.69 which will complete the cup.
The next process is difficult to predict, but there may be hope for the handle to be completed.
If my prediction goes right and the cup is completed, I will update my position and expectations.
And of course, one of the key points is the 83.81 horizontal support line is the current stop-loss point.
Best regards
Trade active:
Still have a chance to go past resistance, but after 2 or 3 candles pattern will be broken and I will close the position.
Trade active:
Still have a chance for a cup that has longer bottom (pushing a bit I know), I will wait a few candle more.
Trade closed manually:
No longer valid pattern, maybe a loooooong cup but closed manually.