Luna / TetherUSUpdated Luna Future Movement
Could we potentially see the same movement we saw late January?
On my chart, I have looked at possible areas of supply and demand. I have also looked at past movement with the Fibonacci Retracement tool.
Using an RSI, it's clear to see that Luna is in a down trend, which is is similar to the one we saw late December and January.
Once Luna hit the fib level at 1.618, the RSI shortly broke out from the trend line.
On my chart, I have looked at possible areas of supply and demand. I have also looked at past movement with the Fibonacci Retracement tool.
Using an RSI, it's clear to see that Luna is in a down trend, which is is similar to the one we saw late December and January.
Once Luna hit the fib level at 1.618, the RSI shortly broke out from the trend line.
Note
Luna has now fallen below the supportNote
Luna has now reached the targetNote
rekt
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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.