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Friday, November 10, 2023

Moon will back to the moon

Moon will back to the moon


Luna pump with 100% profit last night, and stop at resistance.
in this chart, I will try to explain what happen at luna.

Rising wedge pattern
last night movement stopped at previous resistance trendline and create a big rising wedge pattern.
If luna pullback, rising wedge support can be a new higher low before continue bullish with 68% profit range.

Resistance Line
0.9696 will be next strong resistance, this resistance are next bullish target

Classic support (CSR)
0.5866 are previous resistance and became new support. this point will hold bearish movement

FIbonacci Pattern
0.5843 Classic support are also fibonacci 0.618 support, target from this area at fibonacci 1.272, and this level are same as resistance line. And if this resistance break up, we will see this moon back to the moon.

Don't forget to support this analysis,
If you have any question, do not hesitate to contact me
Your support at this analysis will also support Luna to reach bullish target
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