Recently, I made an analysis on LUNA and the huge reversal that it was seeing.
Both targets have been reached with relative ease, earlier than expected. With the market trading down a little, I'm expecting traders to take some profits off the table.
Most bullish scenario would be a strong bullish move in the coming days. Bearish case would be another drop towards the $25 area.
New targets are the current ATH, $45, and the 1.272 Fibonacci Extension, $50.
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.