LUNA Bearish, Possible Double Top and Ascending broadening wedge
Hello, As you can see on the 4 hour chart, LUNA seems like it has another peak and approximately the height of the previous peak. It could possibly a double top pattern. Also the, in the chart, there is also a ascending broadening wedge. Normally, it appears on the market top, also most likely bearish. Lets say, if LUNA breaks through the neck line and completes the double peak at 52.2, it can potentially go drop to next support at 39.54. If it breaks thru 39.54, the price might drop to 26. This is not a financial advice.
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