LUNA is losing the static support and going to complete the wave (c). I think that the intersection of two dynamic and Fib support can be the best point for a long setup (around 31.80).
Like & Share if you agree. Bye, for now,>_-
Massive amount of short volume from Binance futures platform suggests many traders are about to lose a lot of money.
According to Kingfisher IO, most of these traders have stops above $40.
I can see massive short squeeze incoming, and LUNA will trade above $40 in the next few hours/days. I am long with low leverage.
hallo hallo everyone.
guys y'all see the elliott waves on the chart. the 5th wave is not finished yet . so there are 2 scenarios for our target :
1 - as you see , our first target is 55 $ , on 50% of Fibonacci extension .
2- if the price broke our first target and has more potential to go upper (which if it did , I'll update the idea) , it's a possibility that it...
". There is a possibility of temporary retracement to the suggested support line (31.19).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
. LUNAUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a...
Here's a quick look at LUNA 2 hr chart. As we can see, the price has been forming a descending triangle and is currently bouncing from the bottom of the descending triangle! Definitely one to keep an eye on.
The best entry would be, when the price breaks above the descending triangle with good amount of volume .
LUNA has important levels of resistance and support inside the diamond pattern, hence, in a bullish sentiment, I would accumiliate around that level.
Breakdown from the diamond pattern could bring the targets below.
Interesting chart, complicated as well...
You can trade the breakout.