Long
Luna will see lower support
In daily and 4h time frame, Luna built -RD in MACD and RSI. Also, there is a huge amount of volume exactly on its ATH resistance. Finally, the chart created a double top and its neck line was broken in 4h. All of these signs show me that the correction of Luna started.
There are two scenarios:
First, Luna touches again the resistance of 93.7-95$.
Second, the chart breaks its current support exactly from here.
In both scenarios, I expect that the price decrease to lower prices.
In the daily time frame, I expect that the chart decrease to 80$.
Please, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade.
There are two scenarios:
First, Luna touches again the resistance of 93.7-95$.
Second, the chart breaks its current support exactly from here.
In both scenarios, I expect that the price decrease to lower prices.
In the daily time frame, I expect that the chart decrease to 80$.
Please, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade.
Note
Weekly TF also conform this analysis. 1. In this TF, two candles with long shadows and small bodies were conformed
2. MACD and RSI are building -RD
These two reasons are enough to show that the buyers don't intend to break LUNA's ATH.
Furthermore, I expect that the early of this week, the chart will test 95-97 resistance after that its correction will start.
First weekly target: 55-58
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.