LUNCUSDT Falling Wedge leading it to its doom. Unless..
Terra Luna Classic (LUNCUSDT) has been consolidating since the December 16 drop having formed a Support Zone (green) just below the low of the FTX (November 08) crash. This consolidation is taking place below the Higher Lows trend-line that was holding since June 09. The price remains below the 1D MA50 (blue trend-line), 1D MA100 (green trend-line) and the recently emerged 1D MA200 (orange trend-line).
This Falling Wedge will most likely take the price to its bottom (Lower Lows trend-line) by January if it breaks the green Support Zone. On the other hand a break above the 1D MA50, targets the 1D MA100 and further break there targets the 0.0002790 Resistance (1) of the November 05 High. The Resistance 1 is on the 0.0003710 (October 02) level.
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This Falling Wedge will most likely take the price to its bottom (Lower Lows trend-line) by January if it breaks the green Support Zone. On the other hand a break above the 1D MA50, targets the 1D MA100 and further break there targets the 0.0002790 Resistance (1) of the November 05 High. The Resistance 1 is on the 0.0003710 (October 02) level.
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** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. **
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You may also TELL ME 🙋♀️🙋♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁
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