Slow accumulation
Major update, the LUN inflation model has been eliminated from the roadmap.
medium.com
It is not really a falling wedge nor a bullish rectangle or bullish pennant but I think it's a continuation pattern, so the breakout is possible
Lunyr is looking like a perfect position to buy. Seems to be hopping off the trend line to get closer to resistance. Target 1 is right under the resistance trend line, but more time will tell if it will break through right now. Looking like a good medium term investment for the next day or two.
Having another look after the small returns from last time.
So fundamentally I'm still interested despite not having as much correspondence with the devs as I'd like. On September 18th the first alpha is launching which will give us a good look at the functionality they have, as well as giving some good exposure to the project. This could translate into some...
Scenario 1: Chart hits support level at double bottom, stoch rsi at oversold could trigger another leg up
Scenario 2: Descending triangle signals chart to break support and fall ~2x
Will wait until clear pattern before executing
End goal is rather ambitious, but with private alpha release coming soon could trigger an upswing
Falling wedge pattern on $LUN, to my amateur eyes. With only a $40 mil market cap currently, I'm seeing a LOT of upside potential still with this coin. Interesting, promising fundamentals — a decentralized Wikipedia. Most P'n'D coins drop a lot harder and faster than Lunyr did here.
FINALLY!!! The Moon gods have smiled upon Lunyr. But how long will it last. Will Fear overcome Love in this newfound market of mass Lunyrdom?
Tune in next week to find out!
Good potential from here. I like the Bullish Engulfing pattern confirmed by a high volume bar. If you zoom in H4 or m15, you can confirm some bigger players entered the market here.
What I also like is the relatively low market cap, $10 millions, with good daily volumes.
