Happy Money Monday, Traders!
Hope you find value from this post.
If you did, pls like and consider following.
Here's a trading idea.
But firstly...
==============================
Quick Disclaimer:
Trade at your own risk. This post/chart is for your reference only, it is not intended as a recommendation, nor is it an advice to sell nor buy this crypto asset, nor to place any trade.
Trading poses a risk of losing some or all of your money and it will be your responsibility if you lose money.
==============================
LUNA is now trading above the 12MA and is currently facing its 21MA as of this writing.
What's happening next?
LUNA could get rejected by its 21MA, and if it does then the level of retracement could be back towards the 12MA.
If LUNA manages to push past its 21MA, then the level to watch out for is $66.38 at the 38.2% Fib.
Further upside price movement could take LUNA towards the 50% Fib @ $73.48 and rendezvous with its 50MA.
The ultimate price target for a falling wedge is at its base, in this case the Golden Pocket of the Fib Ret Tool between $80.58 and $82.50
Stoch RSI (1Wk): Oversold Region, Crossed Bullish.
MACD: Bullish Cross, Momentum Directed Upwards
Always remember to place your Stop Loss.
Price action is KING!
Patience and Discipline are KEYS to a successful trade.
Trading is both a Science and an Art.
Develop an intuition and listen to your instinct while following the rules putting emotions aside.
If you have not yet developed it, you will develop this as long as you stay consistent with following
the rules. The skills will become second nature to you much like how you acquire the skill in riding a bicycle.
Soon it will be your subconscious running your trades, again, much like when riding a bicycle
the balancing is controlled by the subconscious part of your brain.
Be PERSISTENT and stay PERSISTENT.
Let me know what asset you wish for me to look at and evaluate for potential long set ups and I will post it here on TradingView.
If you found value from this post, consider giving it a like and subscribe. Furthermore, share it with someone you know will benefit from this.
More power to all your trades, my friends!
Ron
Intrepid_Trader
Hope you find value from this post.
If you did, pls like and consider following.
Here's a trading idea.
But firstly...
==============================
Quick Disclaimer:
Trade at your own risk. This post/chart is for your reference only, it is not intended as a recommendation, nor is it an advice to sell nor buy this crypto asset, nor to place any trade.
Trading poses a risk of losing some or all of your money and it will be your responsibility if you lose money.
==============================
LUNA is now trading above the 12MA and is currently facing its 21MA as of this writing.
What's happening next?
LUNA could get rejected by its 21MA, and if it does then the level of retracement could be back towards the 12MA.
If LUNA manages to push past its 21MA, then the level to watch out for is $66.38 at the 38.2% Fib.
Further upside price movement could take LUNA towards the 50% Fib @ $73.48 and rendezvous with its 50MA.
The ultimate price target for a falling wedge is at its base, in this case the Golden Pocket of the Fib Ret Tool between $80.58 and $82.50
Stoch RSI (1Wk): Oversold Region, Crossed Bullish.
MACD: Bullish Cross, Momentum Directed Upwards
Always remember to place your Stop Loss.
Price action is KING!
Patience and Discipline are KEYS to a successful trade.
Trading is both a Science and an Art.
Develop an intuition and listen to your instinct while following the rules putting emotions aside.
If you have not yet developed it, you will develop this as long as you stay consistent with following
the rules. The skills will become second nature to you much like how you acquire the skill in riding a bicycle.
Soon it will be your subconscious running your trades, again, much like when riding a bicycle
the balancing is controlled by the subconscious part of your brain.
Be PERSISTENT and stay PERSISTENT.
Let me know what asset you wish for me to look at and evaluate for potential long set ups and I will post it here on TradingView.
If you found value from this post, consider giving it a like and subscribe. Furthermore, share it with someone you know will benefit from this.
More power to all your trades, my friends!
Ron
Intrepid_Trader
