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Bitgolder

TERROR LUNA CLASSIC In Freefall Down to .00013 Wicks to .000088

Short
Terra Classic / Tether (KUCOIN:LUNCUSDT)  
Bitgolder Updated   
KUCOIN:LUNCUSDT   Terra Classic / Tether
Trend Analysis Chart Patterns Technical Indicators lunaclassic lunc LUNCUSDT LUNAUSDT terraluna lunac BTC ETH usdt
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trendanalysis chartpattern indicator lunaclassic lunc luncusdt lunausdt terraluna lunac btc eth usdt
LUNA classic has been in free-fall since reaching its high. It broken through all major support and the downtrend continues. There is a drive of hidden bullish divergence on the hourly so a bounce today and tomorrow up to .00026-.000275 is possible and likely before being rejected at resistance again and continuing its downward journey. There is no real support after .0002, so once .0002 breaks and we get into the .0001's then the panic selling will occur and we will drop fast down to the next major support around .000144. I don't think .000144 will hold for long before LUNA slams down to really strong support around .00011. A stray wick could push down to as far as .000095-.000089.

This is not trading or financial advice this is just my opinions and speculations based on TA and FA of my own.


MACD ON THE DAILY : STRAIGHT DOWN
snapshot

RSI ON THE DAILY : STRAIGHT DOWN
snapshot
Comment:
That small bounce up to .00026 looks like it may play out fairly quickly.
Comment:
Bounce is happening now
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