LUNAUSD has been in this channel for awhile now (4Hr) chart
colours Correspond to similar patterns / areas of rejection
Green oval is especially interesting, it can be seen to have repeated almost perfectly, a sign of bullish times to come
Diagonal lines emphasize this as it can be viewed as a resistance turned support
For Head & Shoulders patterns, I'm learning that they usually require larger time frames plus high volume for the first half and low volume for the second half. So based on that this is likely not one and just a blip on the radar. But you never know.
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...
A strange flag has presented itself again
Only at closer look can you see flag properties, I have displayed them above
LUNA is sitting above the 4.618 Fib level, with this large bullflag structure, encompassing the whole price history
The curved flag pole is a new idea, but it works perhaps if the flag was facing descending rather than ascending
At the time of this posting LUNA has appeared to have found a bottom around the previous 2 week low and open (orange). A fixed range volume profile of the recent drop off shows there is volume coming in to support this potential bottom around 42.5. PA dropped rather quickly so there are a few areas of potential liquidity to be had (green boxs) and the 2week POC...
🎯Demand zones are being retested and respected we are on the lower band of the channel. I'm expecting the move to the higher territory of this channel around 100. That means price could double from here.
This is a pre-plan based on the COT and Retail positions. M, W, D, H4 Time-frames trends and Parallel Channels. I will execute on the M30 at the institutional...
Luna has done phenomenal in this run and we can all agree with that. Its been forming a large rising wedge and indicators are showing a pretty sizable correction back down to single digits after the peak at $70 near the apex of the wedge. The Elliot wave is almost complete as well, we are in the final stages of the fifth wave which woulds bring LUNA to around...
This is my description:
Purple Lines: Support & Resistance (for a week) “VERY IMPORTANT”
Blue Lines: Support & Resistance (for a day) “IMPORTANT”
Orange Lines: Support & Resistance (for a 4H)
Thanks for your attention.
**IF YOU WANT ME TO ANALLYSIS ANY OTHER CRYPTOS, PLEASE COMMENT THE NAME OF IT FOR ME**
$LUNA is a decentralized financial infrastructure and blockchain protocol that has it's own native token, stablecoin protocol, oracle system, and smart contracts capabilities! $LUNA, like $SOL, look like they could very well overtake #ETH in the near future. They are faster, more efficient, and more capable than good ol' $ETH1.0 (and potentially ETH2.0).
Since 11th of September, Luna is making ATHs on our chart.
However, rises above the previous one are marginal and the coin is trading in a rising wedge.
At this moment the price is approaching resistance and there is a high probability of a drop from that point.
Also, a drop under 45 would confirm the reversal pattern and give scope to further losses to 25 zone