(LUNA) Very important levels

Updated
Hello everyone !

Today H₿ Capital is analyzing LUNA based on a Weekly chart 📈


What we can see :

- Luna is trading below the Kijun / Tenkan weekly
- We can clearly identify a double top on the RSI
- The CHOP index is high, but could go higher
- The slow stochastic is declining and is approaching the bottom area
- Spreads are negative
- Small Sell volume


What we can expect :

Based on these elements, we can see that Luna did not bottom yet. We can expect prices to drop a little bit more to reach our buying area : 42$ to 25$

Keep in mind that there are two strong supports right now :

Support 1 : 0.618
Support 2 : MA50 + lower line of the pitchfork


MAY THE CRYPTO BE WITH YOU GUYS

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Trade closed: stop reached
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