TheKitchenTrader

Inverse Head & Shoulder setup here with a potential .55 move up depending on how you count. Pro Blue Osc Heading back to 0 line with plenty of RSI to run.

Tagging the bottom BBs and what would be the neckline. Pro Blue Osc pointing down. I'm not short but I'd want to see this play out or invalidate before any long positions.Found support at neckline. Hopefully this negates the H&S if we get a nice close today. I want to see some altseason get going and PEPE is a leader in the moves.

where it will meet some resistance. Then it needs to move up to the .80 Volume Shelf which shows the most overhead resistance. If it can punch through .80 then it launch pads up to $1.20 quickly. Lot of work to do but this is way oversold. Positive trading to all.

Let's see if this setup materializes and creates a measured move up to the next Volume Shelf. Indicators favoring this.

Let's see if this materializes and creates a nice measured move pop.

Sitting on volume shelf with Blue Osc curling and MACD about to cross. All this is a perfect setup for a launch. Next test will be top of BBs at $100LTC news that it's a commodity is helping this move. Nice hammer being put in. Expect triple digits soon.

Hourly showing nice work on all indicators and has created its own Cup and Handle. Add in the pennant above volume shelf and it creates an ideal situation for a substantial move higher.

Chart is self explanatory. Looks like under $10 is on deck soon.

Circle #1 shows where the Pro Blue Osc (Blue Dotted Line) rose above the zero line (Light Blue Line) back at the end of June and is now moving nicely in a consolidation pattern above it. The Bollinger Bands are now starting to come together in a tight squeeze while RSI stays at a healthy bullish level around 50. It just made a Bullish MACD cross as well so all indicators on the Daily pointing to a nice move up.

Let's first look solely at the TA. Pro Blue Osc is heading up towards the zero line in a V shaped recovery. RSI is in the buy zone and MACD just completed a Bullish cross. People may say this is silly because it has crashed so violently that it's typical to see indicators moving up after this kind of carnage. Remember, TA is TA and if you caught some of this bounce then you have done very well. TA shows us there is potentially more upside to come. Now let's consider the macro catalysts. If there is a Fork they are stating it will not be a true fork where history is gone and a new coin is created. The proposition states Terra 2.0 will just start with a new Genesis Block. There is also major discussion about a 3% tax being created to fund a major burn, thus reducing supply and allowing MC to rise with a rewarding token price. Either way some whale and or entity has been accumulating LUNA, as retail throwing $100 in each, in no way can create the volume on the buy side LUNA is seeing. Does someone like CZ at Binance have a plan to save the day, make an extraordinary amount of money and secure themself as King of Crypto? Looks like we will soon find out.