LUNCUSDT Falling Wedge leading it to its doom. Unless..

Terra Luna Classic (LUNCUSDT) has been consolidating since the December 16 drop having formed a Support Zone (green) just below the low of the FTX (November 08) crash. This consolidation is taking place below the Higher Lows trend-line that was holding since June 09. The price remains below the 1D MA50 (blue trend-line), 1D MA100 (green trend-line) and the recently emerged 1D MA200 (orange trend-line).

This Falling Wedge will most likely take the price to its bottom (Lower Lows trend-line) by January if it breaks the green Support Zone. On the other hand a break above the 1D MA50, targets the 1D MA100 and further break there targets the 0.0002790 Resistance (1) of the November 05 High. The Resistance 1 is on the 0.0003710 (October 02) level.


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