We know for a fact that the main low of the correction happened 3-Feb., this is shown here with a red candle with a long lower wick. The lower lows after is a continuation of this move.
As soon as price action moves back above this low, we can say that the bulls are in, but this is not all for Terra, LUNAUSDT.
First, we have the candlestick pattern three white soldiers, three consecutive strong green sessions on the daily timeframe. This signal can be followed by a retrace that ends in a higher low followed by additional growth.
This signal is supported by rising volume. Volume is rising slowly each day and the third and last day has the highest volume in weeks. Of course, the downtrend has also been broken.
Finally, the action is happening above EMA55 and today above EMA89. So the long-term bullish bias and growth potential is being activated.
There is a more, the RSI is really strong and MACD on the bullish zone (not shown). All these are classic signals revealing that Terra Luna is set to experience long-term growth.
The correction is over.
The bottom is in.
Crypto is going up.
Namaste.
