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LUNAUSDT

LUNA/USDT ON HOURLY CHARTAfter a strong rally LUNA has been into a correction move. Please check on 4hrs chart to understand it properly. And use Fibonacci retracement to check the levels. We did analysis on hourly chart and seems like LUNA is still in downtrend and it broke a Rising wedge pattern too which was retraced exactly from the 50% Fibonacci level. Now to make sure this move is continued we used Fibonacci extension to mark our upcoming targets. We have shown it on the chart. Also our Supertrend shows that the trend is bearish to it make more sense to plan short trade. Trade safe
Short
by Tab_trader
1
LUNA/USDT hourly chart setupHello Traders👋 Today i have made a post on LUNA/USDT I hope you find this post helpful and informative👍 The targets and stoploss would be given in the charts or they would be according to pivot points Thank You —DISCLAIMER— I am not a SEBI registered financial advisor Please consider your consultant's advise a must , all the setups posted here will be considered as informative and helpful post I shall not be responsible for your profits and losses
by profitpujari
📚 Learn More 💰 Earn More with us: FLAG pattern 📚 LEARN MORE 💰 EARN MORE  FLAG pattern Definition: A FLAG pattern is a continuation chart pattern, named due to its similarity to a flag on a flagpole. A flag is a relatively rapid chart formation that appears as a small channel after a steep trend, which develops in the opposite direction. After an uptrend, it has a downward slope. After a downtrend, it has an upward slope. IMPULSE Definition: A “flag” is composed of an explosive strong price move forming a nearly vertical line. This is known as the "IMPULSE" or ”flagpole”. The sharper the spike on the flagpole, the more powerful the bull flag can be. Corrective Wave Definition: After an uptrend, it has a downward slope. After a downtrend, it has an upward slope. This downward or upward slop known as "Corrective Wave". Flag patterns can be bullish or bearish: A bullish flag is known as a Bull Flag. A bearish flag is known as a Bear Flag. How to Trade FLAG Patterns: When the trend line resistance on the flag breaks, it triggers the next leg of the trend move, and the price proceeds ahead. Breakouts happen in both directions but almost all flags are continuation patterns. This means that Flags in an uptrend are expected to break out upward and Flags in a downtrend, are expected to break out downward. Trading suggestion: There is a possibility of temporary retracement to the suggested support line (14.730). . If so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . LUNAUSD is in an uptrend and the continuation of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 62. Take Profits: TP1= @ 17.978 TP2= @ 19.619 TP3= @ 22.431 TP4= @ 26.000 TP5= @ 29.460 TP6= @ 33.744 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex trader? Now, It's your turn! Be sure to leave a comment. Let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
LEducation
by ForecastCity_ME
6