LUNAUSDT bearish divergence/ W pattern
Updated
-bearish divergence: There is a bearish divergence on the chart of LUNA. There is a higher high on the price chart and a lower high on the RSI, wich means ther is a bearish divergance. The resistance is on 95.8 and is currently being tested. If the resistance breaks, the price will probably going down and retest the 50 EMA (red line) or thetrend will change from upp trend to a down trend.
-W pattern: there is a W forming on the 4 hourly chart. With the dubbel bottom at 95.8 and the top at 99,4.
So there are 2 options that coud play out.
-W pattern: there is a W forming on the 4 hourly chart. With the dubbel bottom at 95.8 and the top at 99,4.
So there are 2 options that coud play out.
Trade closed: target reached
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