LUNAUSDT | An Outlook
Updated
Disclaimer on,
This is a personal opinion, I am not responsible on your trading results.
Trade with your own risk.
After experiencing a decline of around 19% in the past, BINANCE:LUNAUSDTPERP has strengthened again after touching the 90 EMA line. From the price movement on the current chart, I have two alternative predictions for the continuation of LUNAUSDT's future movement.
First Alternative (Green Line), LUNA will strengthen from the current price to touch the 94.5xx level then make a minor correction to continue strengthening.
Second Alternative (Red Line), LUNA will weaken to touch the 88.2xx level and strengthen again and form a Rising Wedge pattern, if the lower trend line is broken after strengthening occurs, the target for the decline is at the 84.6xx - 81.3xx level.
This is a personal opinion, I am not responsible on your trading results.
Trade with your own risk.
After experiencing a decline of around 19% in the past, BINANCE:LUNAUSDTPERP has strengthened again after touching the 90 EMA line. From the price movement on the current chart, I have two alternative predictions for the continuation of LUNAUSDT's future movement.
First Alternative (Green Line), LUNA will strengthen from the current price to touch the 94.5xx level then make a minor correction to continue strengthening.
Second Alternative (Red Line), LUNA will weaken to touch the 88.2xx level and strengthen again and form a Rising Wedge pattern, if the lower trend line is broken after strengthening occurs, the target for the decline is at the 84.6xx - 81.3xx level.
Note
After several time, LUNAUSDT looks running with the Second Alternative Movement, which is forming the Rising Wedge Pattern.What we need now is waiting till the pattern confirmed when the lower trendline is broken.
Note
Lower trend line was broken, then Rising Wedge Pattern ConfirmedTrade closed: target reached
The minimal target at level 84.6xx has been achievedTrade closed: target reached
The maximum target at level 81.3xx has been achieved
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