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Luna will see lower support
In daily and 4h time frame, Luna built -RD in MACD and RSI. Also, there is a huge amount of volume exactly on its ATH resistance. Finally, the chart created a double top and its neck line was broken in 4h. All of these signs show me that the correction of Luna started.
There are two scenarios:
First, Luna touches again the resistance of 93.7-95$.
Second, the chart breaks its current support exactly from here.
In both scenarios, I expect that the price decrease to lower prices.
In the daily time frame, I expect that the chart decrease to 80$.
Please, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade.
There are two scenarios:
First, Luna touches again the resistance of 93.7-95$.
Second, the chart breaks its current support exactly from here.
In both scenarios, I expect that the price decrease to lower prices.
In the daily time frame, I expect that the chart decrease to 80$.
Please, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade.
Nota
Weekly TF also conform this analysis. 1. In this TF, two candles with long shadows and small bodies were conformed
2. MACD and RSI are building -RD
These two reasons are enough to show that the buyers don't intend to break LUNA's ATH.
Furthermore, I expect that the early of this week, the chart will test 95-97 resistance after that its correction will start.
First weekly target: 55-58
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