LUNA CLASSIC LUNC Cant Break Resistance, Breakdown Possible :(

Luna Classic was looking good yesterday, the run was going strong and then it hit a wall at .000335 or so and its had a hard time getting through that. Keep an eye on the .00029 level I think thats where we are headed now in the next hour or so, if we break that then we head down to about .00026, if we break that then we head down to .00024, if we break that then it looks like the macro head and shoulders correction may play out and we will see .00015 - .00009. Keep an eye on those support and resistance levels. I cant make too many charts today, I wont be home but ill try and update throughout the day. I am currently in cash, I sold at the break of the .000315 level and now waiting to see what happens. Good luck out there my friends. This is not trading or financial advice this is just my opinion and what I am doing. Thank you

Comment:

On the bi hourly the indicators are looking like they are about to pivot bearish. We need a nice pump to change the momentum otherwise as you can see we may even be forming the right shoulder on the head and shoulders on a larger scale. I outlined both possible head and shoulders in the chart below. Keep an eye on those support levels, when we break whichever way it is the move will be swift.