Luna / TetherUSUpdated Luna may be soon for long
Two red lined are parallel in non-logarithmic chart and the short-term channel is bearish .
Levels are highlighted.
The yellow level is stronger than others.
Generally, there are strong sellers in the crypto market and altcoins move almost correlatedly with BTC .
I believe the purple ellipse is the best time and price to buy Luna.
Since it’s located around a strong level and a strong mid-term trend line . Also, the bottom of non-logarithmic parallel channel advocate the idea.
Levels are highlighted.
The yellow level is stronger than others.
Generally, there are strong sellers in the crypto market and altcoins move almost correlatedly with BTC .
I believe the purple ellipse is the best time and price to buy Luna.
Since it’s located around a strong level and a strong mid-term trend line . Also, the bottom of non-logarithmic parallel channel advocate the idea.
Note
I won't buy until the red trend line the 78.47 are not broken.The primary buying setup is still valid.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.