Is Luna approaching a new rising wedge?
Luna after her first run in September continued towards an uphill path forming a rising wedge which led to an expected negative breakout in mid-November, a fall that bounced back to .61 Fibonacci from the first run.
Now we are facing a Luna that even after its second run does not hint at a retracement, continuing to have new Higher Highs, could we therefore find ourselves facing a new rising wedge?
In the event that the chart continues inside a rising wedge, we can expect a negative breakout between January / February that should bring the price of Luna to the 0.61 Fibonacci area, therefore around $ 55.
Excellent point for a strategic entry.
What could we face if it breaks the current pattern?
Now we are facing a Luna that even after its second run does not hint at a retracement, continuing to have new Higher Highs, could we therefore find ourselves facing a new rising wedge?
In the event that the chart continues inside a rising wedge, we can expect a negative breakout between January / February that should bring the price of Luna to the 0.61 Fibonacci area, therefore around $ 55.
Excellent point for a strategic entry.
What could we face if it breaks the current pattern?
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