After having a 25% correction against bitcoin , Luna is sitting just below its local support in the marked red zone that is currently acting as resistance. Since the area below happens to be its previous ATH and the fall happened with the recent weakness shown across all the alts due to the dominance gaining strength, I expect Luna to have found its support in this box and break the resistance with great volume . Let's see if this scenario plays out.
Trade closed: stop reached:
I was dead wrong about this one, bitcoin rests on shaky ground now!