Hi all,
Hope you can give me input since I'm still nothing but an amateur in technical analysis.
What I see on the 2hr chart is:
- Bollingersqueeze coming up, with decline in Chaikin Money Flow and downwards movement of RSI, so expecting the squeeze to break downwards
- Breakdown out of the rising wedge that was formed until yesterday and now trying to get back...
Im still an amateur when it comes to TA unfortunately, so I wanted to ask you guys and girls what you think?
After LUNA reached ATH of 78$ it made a mild correction, two new attempts on ATH and then a slightly steeper correction.
So far, after reaching new ATH of 98$ it seems to make the same move (purple rectangle). You think the green rectangle will repeat...
