🔥 LUNA Broke Macro Bullish Pattern: More Downside Coming
In my last LUNA analysis I stated that LUNA was likely to keep increasing in value until the top resistance of the ascending wedge pattern had been reached, assuming BTC would stay stable/bullish. However, since then BTC has been falling and LUNA has followed.
As of recent, the macro bullish pattern has been broken (blue). In my view, there's a high probability that LUNA will keep on falling in the near future. Next area where I'd be looking for a bullish entry would be the purple support line, around $60.
Happy trading!
As of recent, the macro bullish pattern has been broken (blue). In my view, there's a high probability that LUNA will keep on falling in the near future. Next area where I'd be looking for a bullish entry would be the purple support line, around $60.
Happy trading!
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🎯Official Channel: t.me/FieryTradingChannel
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.