BINANCE:LUNAUSD   Luna / US Dollar (calculated by TradingView)
Hello traders and investors!! πŸ‘‹

I am watching LUNA closely and depicted above are some of my key points..πŸ‘†πŸ“ŒπŸ“ˆ

We recently broke up and out of a descending channel , but I am not convinced just yet, let's see if we bounce down from this possible resistance at the top of our triangle/ wedge shape..!πŸ†—β†˜β†—πŸ§πŸ”Ί

Just a few days ago there was news that the (80 percent drop in price recently) dropπŸ‘€πŸ» in LUNA token🌚 caused major issues with the price of Terra blockchains PIGCOINπŸ·πŸ’² pair ( UST ,) was down upwards of 11 cents at one point. 😨

PIGCOINSπŸ·πŸ’², or (stablecoins,) are supposed to stay at a fixed price and not deviate in either direction (think US dollar )

TERRA, having a large amount of reserves in their token LUNA, then had to buy up aggressively their LUNA token to fix the drop in UST .

This does not go unnoticed and is something to consider before investing in this token short-term.

Long term, LUNA is expected to make a recovery but it is always wise to use caution!

Thank you so much for considering this chart/analysis of LUNA-USD, I always love your feedback!!!πŸΆπŸŽ‰

πŸ›‘πŸ›‘πŸ›‘This is not financial adviceπŸ›‘πŸ›‘πŸ›‘ Above are approximate targets based on fibs and major trend lines etc. I always recommend looking at multiple charts when making a big investment, thank you!

Always have a stop loss βœ‹πŸ›‘πŸ’² setπŸ†—

Any thoughts πŸ’­πŸ’‘, questions πŸ™‹β€β™€οΈπŸ™‹β€β™‚οΈβ“, good πŸ‘, badπŸ‘Ž, happy πŸ˜„ or sad πŸ˜₯, in the comments always welcome.

Comment: Just looking at this possible Head and Shoulder scenario🐻 (on 4 hour view.) Thank you for understanding, I think that ~3.7 is good point to re-analyzeπŸ‘€πŸ“‰

Always with pleasure

Jazerbay ☯


Nice setup as always!
+1 Reply
jazerbay KlejdiCuni
@KlejdiCuni, 🌚 thank you!!
+1 Reply
jazerbay Mehdisouriiii
Good one mate
+1 Reply
jazerbay Helical_Trades
@Helical_Trades, appreciate it mate
cool and enjoy reading your work
+1 Reply
jazerbay jojofang0901
@jojofang0901, wow thank you!!!!! πŸ‘‹
Lovely interpretation, thanks!
+1 Reply
jazerbay Investroy
@Investroy, so much appreciate!