LUNA almost died today because of its UST stablecoin. I am trying to predict the next move. And I predict a move to previous support at $20. Sounds outrageous considering the utter failure of Luna's stable coin and absolute capitulation.
But this is an exercise in technical analysis, we see CCI breaking out of its downtrend and the macd forming a bullish divergence. There is obviously a lot inefficiency in the mad rush to sell LUNA which I think needs to be closed. A retest of previous range support at $20 is my bet for the next move.
But this is an exercise in technical analysis, we see CCI breaking out of its downtrend and the macd forming a bullish divergence. There is obviously a lot inefficiency in the mad rush to sell LUNA which I think needs to be closed. A retest of previous range support at $20 is my bet for the next move.
