evasivesteering

LUNA will break after three days of consolisation

BINANCE:LUNAUSDT   Luna / TetherUS
Diamond top pattern is forming for LUNA. After three days of consolidation, LUNA will make a clearer move in the next hours. Reversal or continuation? It depends on which side that LUNA will break this diamond pattern.
In this context where both BTC and Stock are going down, I think that possibly LUNA will do a leg down. Let patiently wait & see.
Trade active:
Pattern has been broken by the lower edge. LUNA is going down to the first target of $90 (EMA 50D). I think that some bounce will happen at this level. Then the next target will be around $83.5-$84.
Comment:
First target at $90 was reached and LUNA has bounced as I mentionned above. The next one will be $83.5-$84
Trade closed manually:
Crypto & stock markets are recovering.

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