It finally looks as though Terra Classic (LUNC) is forming an accumulation range. Either that. or it's one hell of a H&S distribution. The volume metrics seem to indicate an accumulation campaign by Smart Money, however. This would explain the solid floor it's held since the SCLX, and the diminishing volume in both supply and demand during periods of lateral consolidation. Don't take it past the 1.618% Fibonacci if it does markup. This level would triple mitigate the PS and demand test area (UTA), and I imagine would prove strong resistance. Play it by ear.
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Hola guys. I 've been a full time VSA/Wyckoff crypto investor and position-swing trader since 2017. Be sure to LIKE and SUBSCRIBE for more powerful, non-nonsense crypto updates from someone who is actually in the trenches with you.
I don't feature trades on coins or tokens I myself am not invested in. Nothing I say in these videos or chart uploads constitutes financial advice; they are my own trades and technical analysis I share with the public. My charts on Trading View showcase my 80-85% win rates. Check it our and see for yourself. Good luck, be safe, & adios muchachos y muchachas!
Jalapablo
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