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FieryTrading
Nov 22, 2021 4:32 PM

🔥 LUNA Bearish Break Out: Reversal Trade 

Luna / TetherUSBinance

Description

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Some time ago I made an analysis on LUNA, here I discussed the view that LUNA was likely going to see some bullish price action and make a new ATH, past $50.



In the end, LUNA touched the first resistance, which also marked the new ATH. However, a major bearish move followed after that. This bearish move currently broke out of this channel pattern and is seemingly not finished yet.

As of such, I'm looking at the area from $35 - $38 for a potential reversal.

Happy trading!
Comments
OneBlackCat
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Thanks bro!
Mihai_Iacob
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excellent!
KlejdiCuni
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Very nice
ProjectSyndicate
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solid chart and neat write-up
Helical_Trades
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Great job buddy
Keep it up !
CobraVanguard
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I like you're idea
TheSignalyst
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Agree for Luna
UnitedSignals
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Great idea!
MMBTtrader
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good one
KlejdiCuni
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I agree with you!
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