Disclaimer on,
This is a personal opinion, I am not responsible on your trading results.
Trade with your own risk.
After experiencing a decline of around 19% in the past, BINANCE:LUNAUSDTPERP has strengthened again after touching the 90 EMA line. From the price movement on the current chart, I have two alternative predictions for the continuation of LUNAUSDT's future movement.
First Alternative (Green Line), LUNA will strengthen from the current price to touch the 94.5xx level then make a minor correction to continue strengthening.
Second Alternative (Red Line), LUNA will weaken to touch the 88.2xx level and strengthen again and form a Rising Wedge pattern, if the lower trend line is broken after strengthening occurs, the target for the decline is at the 84.6xx - 81.3xx level.
This is a personal opinion, I am not responsible on your trading results.
Trade with your own risk.
After experiencing a decline of around 19% in the past, BINANCE:LUNAUSDTPERP has strengthened again after touching the 90 EMA line. From the price movement on the current chart, I have two alternative predictions for the continuation of LUNAUSDT's future movement.
First Alternative (Green Line), LUNA will strengthen from the current price to touch the 94.5xx level then make a minor correction to continue strengthening.
Second Alternative (Red Line), LUNA will weaken to touch the 88.2xx level and strengthen again and form a Rising Wedge pattern, if the lower trend line is broken after strengthening occurs, the target for the decline is at the 84.6xx - 81.3xx level.
Comment:
Lower trend line was broken, then Rising Wedge Pattern Confirmed
Trade closed: target reached:
The minimal target at level 84.6xx has been achieved
Trade closed: target reached:
The maximum target at level 81.3xx has been achieved
What we need now is waiting till the pattern confirmed when the lower trendline is broken.