Plan A: Short
If it comes back again and retests 119 and makes double top go for short.
SL : 125
TP 1 : 110
TP2 : 105
TP3 : 97
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Plan B: Long
If it bounces from fib 0.5/0.618 then go for Long till 118
SL : 95
TP 1 : 105
TP2 : 118
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Long Plan B:
If breaks above 119 with proper wick...
Hello everyone. This is my short term bullish scenario for LUNA/USD pair. As 50 daily EMA and 200 daily SMA are converging with no crossing. I'm expecting the price is up between $108-128. My analysis based on combined trend lines of LUNA previous bullish and bearish price movement which i called 'box-trap' in short with take a look LUNA/USD charts pattern during...
Hello, this is my idea on LUNA and how it will go in this week. As we can see we are in a Bullish pattern, and beautiful consolidation close to an end. If we close above 84 we might see 95 and 100.
* Luna in 3H time frame is moving within a Rising wedge pattern.
* Rising wedge occurs when the price moves between two ascending trendlines forming higher-highs and higher-lows.
* If the price bounces from it's support zone ( around $84 ) it will regain the $101 levels. If price moves below the support zone we can expect a drop till $75.
* Luna is moving in a Channel pattern forming higher highs and higher lows, respecting the below trendline as it's support.
* After testing the below trendline (support) we can expect Luna to bounce back and form a high.
Luna has taken a consistent uptrend, each breaking every resistance seen from a downtrend prior. This pattern shows the asset is yet ready to break new resistance level.
What is your opinion about LUNAUSD going bullish?
After breaking below a rising wedge, the volume to the downside died off and the bulls have re-entered with volume. The price has already broken through the 30.70 short-term resistance, but has had a little bit of a throwback. If the price breaks above 31 with volume, that would be a great long signal imo. My target is the 1.272 log fib, which is at 36.01
