Short-term prediction for $LUNA

After the longest ever depression for LUNA, it has hit a very eminent hard bottom at about 16$; The highlighted rectangle shows three candles that express market uncertainty. This can mean that the market, after this big fall, is starting to look the other way. What makes things more promising for LUNA is the fact that there was just another attempt for breaking this red bearish curse, again at around 16$. The reason it didn't turn out to be successful may relate to the recent fall of mama BTC. An unsuccessful bullish attempt only makes the next one stronger. Also, with BTC starting to get stuck between 52K and 55K, the attention of the crypto market gets around altcoins and makes their markets more independent and safer to invest in. Don't forget to have your stop loss at all times, crypto is a all-digital market and numbers can change faster than the blink of eye.

NOTE: Not an economical advice or signal. Just a guy who loves crypto, thinking out loud. : )
Chart PatternsTrend Analysis

Disclaimer