Any thoughts on Luna?
Hi all,
Hope you can give me input since I'm still nothing but an amateur in technical analysis.
What I see on the 2hr chart is:
- Bollingersqueeze coming up, with decline in Chaikin Money Flow and downwards movement of RSI, so expecting the squeeze to break downwards
- Breakdown out of the rising wedge that was formed until yesterday and now trying to get back into this rising wedge but facing resistance up till now
- Bearish divergence in all timeframes between chart and RSI
Should this mean we can count on a breakdown to resistance at 92$ and if rejected at 83$?
Thanks for your input!
Hope you can give me input since I'm still nothing but an amateur in technical analysis.
What I see on the 2hr chart is:
- Bollingersqueeze coming up, with decline in Chaikin Money Flow and downwards movement of RSI, so expecting the squeeze to break downwards
- Breakdown out of the rising wedge that was formed until yesterday and now trying to get back into this rising wedge but facing resistance up till now
- Bearish divergence in all timeframes between chart and RSI
Should this mean we can count on a breakdown to resistance at 92$ and if rejected at 83$?
Thanks for your input!
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