Today news
About the same in other media
LUNA may be in danger of 46% sell-off due to this ascending wedge
Reading now: 508
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice
LUNA’s ascending wedge has been forming for over a month and it is now, threatening a potential 46% sell-off. Traders must be cautious of a close below the confluence of the 4-hour 200-SMA (green) and 23.6% Fibonacci level, one which could trigger a bearish outcome. Meanwhile, bulls can aim for an early cut-off at the 38.2% Fibonacci level – A zone that held up a reliable support level in October.
At the time of writing, LUNA was trading at $51.5, up by 4.9% over the last 24 hours.
Source: LUNA/USD, TradingView
Three higher highs set up at $41.5, $49.5, and $61, along with three higher lows at $27.2, $41.3, and
Read more on ambcrypto.comAbout this in other media
‘This is a buying opportunity,’ says SkyBridge CEO, Scaramucci post massive sell-off ambcrypto.com /2 years ago
Bitcoin drops below $54K, stocks sell-off after new Covid variant emerges cointelegraph.com /2 years ago
Stock futures are little changed after tech shares continue their sell-off cnbc.com /2 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
