October 1, 2026

LUNA into a rising wedge

LUNA into a rising wedge

LUNA into a rising wedge

LUNA into a rising wedge

Luna / TetherUS BINANCE:LUNAUSDT
Shotokhan


LUNA into a rising wedge

LUNA is into a bearish pattern , I’m not sure this is a rising channel or a rising wedge (probably the second one) with a clear DIV on RSI and other indicators. I’m still waiting for price to touch again lower’s support to assess if this is an hidden bullish DIV or just a regular bearish DIV …. it’s a vital difference!

However OBV still doesn’t show DIV at daily timeframe so, whatever will happen we still have to wait a bit BECAUSE at 4h it presents already the DIV and by the look of it, to me it’s a bearish DIV (at least judging the candles of the last 5 days).

On lower timeframes, at 1h price it’s been testing EMA 200 multiple times, the situation is uncertain so for the moment I woudln’t enter this trade and wait of confirmations whether up or down.

Good luck

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