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Hourly chart is a very relevant level again we have been talking about this for quite some time that in this area the four hour EMA ribbon was actually not that important but we can clearly see ever since we had this attempt to break into them after that the EMA Ribbon were acting as a very big resistance we can clearly see right now we’re kind of scratching them at the very bottom but there is also something very interesting going on on the lower time frames and I’ve been talking about this in the previous video that we have This potential short setup right a really nice range which you can trade I either covered this yesterday or the day before don’t remember exactly that um the only trade that I would be taking right now would either be down here which is exactly where we bounce to Which is amazing to see and the second trade that I would be interested in is shorting this local range we can clearly see around since the 30th of June so four days of range right now on Luna classic and this is a relatively low time frame Range we broke it once with this massive breakdown here but we also recovered back into it then got back to the top I would have loved to take this trade but unfortunately here I was asleep so at 5am I’m usually sleeping but there was actually a really good short setup so That is actually something that you definitely need to keep an eye on so if we actually got another rejection up here that would of course also mean we’re getting a rejection of the EMA ribbon also we can see right now that the for hourly bars and candles Are rather indecisive right we can see pretty big Wicks to the downside but we also recover fairly quickly back to the upside and then we almost have like a doji candle right the doji candle is basically meaning that the current price is basically pretty much exactly where we opened there’s hardly any difference Uh let’s look at this there’s a difference of 0.02 percent so literally next to nothing um so definitely on the smaller time frames if we now actually see a break on let’s say the 15 minute chart Above This range know how would that look like we Gotta go above this range right now this is at eight seven nine one we’re gonna get above this get a retest a bit of a volume increase and then we’re going to see higher prices and this will then very likely be the Catalyst for us to Also get above the four hour EMA ribbon and then this will funnel up into something much bigger and that would of course mean we are then finally attacking the EMA ribbon on the daily chart and the daily EMA ribbon have been the biggest resistance by far ever since the 15th of February so Almost six months of a consistent resistance exactly added this Dynamic level right we can clearly see we are moving lower in a ribbon rejection rejection than here even this massive fake old right there we can still consider this a rejection it was basically just a massive fake out and then after that we Can see we clearly failed to break and hold above it so that is definitely something that I would love to see so yet again I have two traits that I’m interested in I’m giving you my plan here um the first again is if we go back down Again to this level down here at 8413 and the second trade idea would only be valid if we get above the daily EMA ribbon because I actually plan to scale up bigger positions but for this we really want to get above the daily MMA ribbon otherwise I do not turn bullish On Luna classic yet that is really the key thing here for me to happen by the way if you want to trade a Luna classic or any other cryptocurrency make sure to check out Maxi that is where I’m trading and also most people from our community are trading over there they have the Lowest trading fees and also really nice bonus for our community with the link in the description up to 9100 US dollar bonus and they even have a really special bonus just for the lunar classic Community with the link down below you get 100 of lunar classic uh airdropped into your account it’s Fairly simple to get um but what is even better than the bonus in my opinion is um the trading fees and the trading fees are incredibly low you won’t find fees this low anywhere else they actually do have the lowest trading fees by far in the whole crypto space completely zero Percent on the spot market and on the Futures Market it’s zero percent maker and a 0.01 attack off here so definitely check them out a big shout out to them this event is still going on with lunar classic where you can get this for free For nine more days I will of course get um or try to get this event up and running again uh but yeah definitely check it out the link is down below now let’s have a look at coin market cap and Luna classic is trending again which is Great to see also the volume increased by 42 which is absolutely amazing back to 31 million definitely pretty decent um now let’s go to the seven day chart and here we can kind of see that this is kind of emphasizing this range right we’re just going sideways there’s not Really any clear Market structure we’re not making higher highs higher lows really just going sideways which is the reason why I was telling you previously that this is actually really nice range which you could trade unfortunately I was asleep when the setup was playing out uh but that’s just how it is Sometimes but I think that’s pretty much for this update again not too much has changed there’s really not much I can talk about here really just going sideways so yet again just a short and quick and precise update I will of course update you as soon as I see Something interesting in the charts that’s it for now for this lunar classic update guys as always thank you so much for watching if you like these videos I would really appreciate if you can give a thumbs up subscribe to the channel so you are always up to date and if you Want to trade check out the link in the description to Maxi they have the lowest fees and a really nice bonus so definitely check them out that’s it for this video guys and I will see you in the next one goodbye 📈 *Trade on MEXC with 0% maker fees and get a $9100 bonus:* 👉 https://bit.ly/MEXC-9100 👑 MEXC is my favorite exchange for the following reasons: 👉 0% maker fees on futures and spot! 👉 $9100 bonus 👉 NO KYC! 👉 Available to US users, NO VPN required! 👉 High volume and liquidity Join MEXC today: https://bit.ly/MEXC-9100 📈 *Trade on Bitget with 25% Discount and $13,000 Bonus* 👉 https://bit.ly/BitGet-13000 👉 $13,000 Bonus ($8000 deposit + $5000 tasks) 👉 25% Exclusive Fee Discount 👉 $400,000,000 security fund!!! 👉 No KYC! 👉 High volume and liquidity Join Bitget Today: https://bit.ly/BitGet-13000 🌐 *Join our community:* https://discord.gg/nPgDFSSPx4 🆕 Binance Exclusive 20% Spot and 10% Futures Discount: https://accounts.binance.com/en/register?ref=80736937 Beginner Trading Guide: https://bit.ly/MEXC-Guide (Step-By-Step Guide!) 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