LUNAUSDT RISING CHANNEL BREAKOUTđź’Ą
Updated
Lunausdt made an enormous rise in the past weeks and price is likely to reach out for a new ath. Currently, there is a broadening triangle pattern forming on lower tfs and price is probable to bounce at the support trendline of the pattern to $37. The current price is a good position for entry with an appropriate stop loss at $28.
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Luna retested the higher high(resistance zone) of the rising channel and made an uptrend reversal. Price is still likely to spike to a new high as btc is yet to reach the main target (
52K) where we'd see a free fall on btc.
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