LUNA Rejection on 800 EMA Heading downwards
Hi Traders,
This is the 4 Hour char of LUNA USDT. on the first Rectangle box, it has well played the W Formation.
and gave a first HIT to the 800 EMA (Purple Line) but got Rejected from there.
On the second Rectangle box, it tried to break the 800 EMA (Purple Line) but couldn't go above it . This rejection has ended up making a Double top Formation ( M ).
which is a bearish sign. it could possibly move towards the support zones .
Not a Financial Advice
Please comment down your views and Give a thumbs up . if you like it .
Thank you
This is the 4 Hour char of LUNA USDT. on the first Rectangle box, it has well played the W Formation.
and gave a first HIT to the 800 EMA (Purple Line) but got Rejected from there.
On the second Rectangle box, it tried to break the 800 EMA (Purple Line) but couldn't go above it . This rejection has ended up making a Double top Formation ( M ).
which is a bearish sign. it could possibly move towards the support zones .
Not a Financial Advice
Please comment down your views and Give a thumbs up . if you like it .
Thank you
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