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If the resistance line is broken, we can enter into a deal for the above purposes
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!
LUNA is another big hitter that is MAXED out. Weekly RSI was up at 97!!! It will have a VERY heavy sell off when Bitcoin retraces shortly - currently estimating 20K or lower. Probable it will get back to 0.618 $1 range at least.
Looking at two possible scenarios for LUNA currently.
1. We continue with the break out and print a bullish 4HR candle tapping &18.00.
2. We fall to the grey box at around $15 and use this a support for the next leg up.
Im currently siding with 1. as we've seen a nice pullback on the 15m time frame and print a bullish engulfing candle, to take out much of the...
This analysis is based on a bullish flag pattern, support level for t/p 2 and fib levels for t/p 3. So far my pattern analysis for Luna have been successful! The short trade, the long trades (check my history of published analysis)
In addition to the above analysis I expect the cryptomarket overall to get stronger since in this technocratic world all technologies...