🔥 LUNA Rally Continued: Rising Wedge
LUNA has been outperforming the vast majority of the market over the last couple of weeks. In addition, I think this rally is far from over.
As seen on the chart, LUNA has been following a massive 1-year rising wedge. The upper resistance from said wedge is still another 40-60 percent away. Assuming that the market will stay relatively stable, I think that LUNA will continue rising until the resistance has been hit.
After that, a bearish correction is to be expected. Be aware that we might even rise further, but a lot of investors will be watching this pattern and will place their exit orders around strong resistances.
Happy trading!
As seen on the chart, LUNA has been following a massive 1-year rising wedge. The upper resistance from said wedge is still another 40-60 percent away. Assuming that the market will stay relatively stable, I think that LUNA will continue rising until the resistance has been hit.
After that, a bearish correction is to be expected. Be aware that we might even rise further, but a lot of investors will be watching this pattern and will place their exit orders around strong resistances.
Happy trading!
🎯Official Channel: t.me/FieryTradingChannel
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
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.