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

in hive-101145 •  3 years ago 

RSI is gaining momentum:

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

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.

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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.

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For a detailed analysis, you can watch the video.

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