Hello crew,
Luna has been trading in an ascending channel for the last 4 weeks, forming a Bake & Retest Pattern like it happened accouple of weeks back.
We are also in the oversold area on the RSI meaning that we might see a reversal in the next week
Saying all this I would look at going long and placing trades at $90
Further more if we have enough volume to break out the resistance at $97 "I think It will" due to the start of the new year, we might go for a new ATH $120-$140
Always wait for confirmation in markets like this, as we can't predict %100 the following trend.
Happy Trading everyone!
(No financial advice)
DISCLAIMER
The trading ideas, analysis, and comments above should not be considered financial advice or recommendation to trade or invest in any financial product. Your personal situation has not been taken into consideration in the trade ideas. This page is for general educational purposes only. Do not buy or sell any product discusses on this page before doing your own research. Always do your own analysis and research and be aware of the risks involved in trading any financial product :)
Luna has been trading in an ascending channel for the last 4 weeks, forming a Bake & Retest Pattern like it happened accouple of weeks back.
We are also in the oversold area on the RSI meaning that we might see a reversal in the next week
Saying all this I would look at going long and placing trades at $90
Further more if we have enough volume to break out the resistance at $97 "I think It will" due to the start of the new year, we might go for a new ATH $120-$140
Always wait for confirmation in markets like this, as we can't predict %100 the following trend.
Happy Trading everyone!
(No financial advice)
DISCLAIMER
The trading ideas, analysis, and comments above should not be considered financial advice or recommendation to trade or invest in any financial product. Your personal situation has not been taken into consideration in the trade ideas. This page is for general educational purposes only. Do not buy or sell any product discusses on this page before doing your own research. Always do your own analysis and research and be aware of the risks involved in trading any financial product :)