Luna RETRACEMENT until Where? 70$ area. Rising Wedge
As you can see, a Rising wedge pattern is there in Luna.
Now using the pattern to know the retracement , we will have on 69-70$ area
At the end of each pattern, for sure there is a divergence. Confluence in Rising wedge, we see a bearish divergence on the apex side of the wedge.
If you will un FIB retracement, It will have almost the same retracement in 0.618 FIB, which the normal retracement area if bullish trend.
Daily TIMEFRAME , we are still in bullish scenario for LUNA.
LOOKING for ATH? lets see and Pls do your own TECHNICAL ANALYSIS, Make this chart as a guide only.
Now using the pattern to know the retracement , we will have on 69-70$ area
At the end of each pattern, for sure there is a divergence. Confluence in Rising wedge, we see a bearish divergence on the apex side of the wedge.
If you will un FIB retracement, It will have almost the same retracement in 0.618 FIB, which the normal retracement area if bullish trend.
Daily TIMEFRAME , we are still in bullish scenario for LUNA.
LOOKING for ATH? lets see and Pls do your own TECHNICAL ANALYSIS, Make this chart as a guide only.