Around a week ago I made an analysis on LUNA and the incoming reversal from the support area.
After Bitcoin dropping again earlier this week, LUNA arrived in the support area. The $38 support held strong and caused a strong bounce.
With LUNA on the verge of breaking into the bullish channel again (see yellow area), I think we can safely say that we're going to see more bullishness coming our way. First target placed at $50, second at the current all-time high, $55. If we can maintain this volatility we might even see a new ATH in the next week or so.
Happy trading!
After Bitcoin dropping again earlier this week, LUNA arrived in the support area. The $38 support held strong and caused a strong bounce.
With LUNA on the verge of breaking into the bullish channel again (see yellow area), I think we can safely say that we're going to see more bullishness coming our way. First target placed at $50, second at the current all-time high, $55. If we can maintain this volatility we might even see a new ATH in the next week or so.
Happy trading!
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